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I am pretty sure that this is a Privately owned company. This means that instead of multiple owners it would be a sole proprietorship. By the limited liability, this means that the company is only liable for a percentage of losses incurred by the owner. I remember reading this last semester but I would have to look back in my book for a dead on answer.
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Actually, after thinking about it, I believe that it means that only private investors hold a stake in this company instead of public stockholders. There is limited liability of the investors in the case of a bankruptcy or financial collapse meaning they would not lose their entire investment.
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