A company whose shares may not be offered to the public for sale; a private company.
it can indulge its customers in a way proprietary companies cannot
Example sentencesExamples
- The applicant is a private proprietary company operating a regional country airline.
- That was a case involving a dispute between two factions in a proprietary company.
- The use of a limited liability company rather than a proprietary company is curious.
- A proprietary company must have at least one director.
- Work for proprietary companies is often described as continually "reinventing the wheel": progress is kept secret and work duplicated.
- Proprietary companies are releasing Open Source programmes.
- For taxation purposes, proprietary companies should also ensure that profits are available for distribution and are validly paid as dividends.
- The client is a large proprietary company but as far as the directors are concerned the financials are private information.
- I am contemplating buying all the shares in a proprietary company that carries on a small business.
- The issue is most likely to arise in relation to proprietary companies.