What is another word for privately owned?
Pronunciation: [pɹˈa͡ɪvətli ˈə͡ʊnd] (IPA) 
Privately owned, also known as privately held, refers to businesses or organizations that are owned by individuals or groups of individuals rather than by the government or public entities. Other synonyms for privately owned include non-public, non-governmental, independent, and family-owned. These terms all describe businesses that are not publicly traded and are not owned by the state or other public entities. Privately owned companies are often smaller in size and more flexible in their decision-making processes, as they do not have to meet the same regulatory requirements as their publicly traded counterparts. They also tend to be more closely held and can have a more personal feel, as they are often owned and managed by families or closely knit groups of investors.
