What is the difference between a private company and a public company?

What does Corporate,Limited company and Private limited company mean?.what is the difference?.?

• what is the difference between Corporate and Company or Business?

• Answer:

  Corporate means organizational or, having to do with an organization, not individual. A limited company refers to a company which, in the process of settling its debt, cannot go to the extent of selling owners' personal properties. A private limited company is the type of business organization in which owners will not offer the equity shares of that company. It is a private business company. Business can be defined as the process of identifying human wants, bringing together human and material recources capable of satisfying such human wants and of achieving the organisation's objectives.