this post was submitted on 29 Oct 2026
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[–] NGram@piefed.ca 4 points 1 week ago* (last edited 1 week ago) (1 children)

That's only a (USA) reporting limit. A private company can still have more than 2000 shareholders, but it must then publicly report its finances like a public company would.

[–] NotMyOldRedditName@lemmy.world 1 points 1 week ago (1 children)

Fair... but why would any private company do that without going public? Do any?

[–] kossa@feddit.org 3 points 1 week ago* (last edited 1 week ago) (1 children)

When you and your 2000 co-founders want to start a company? Then its 2001 shares.

Reminds me of this guy:

https://www.youtube.com/watch?v=8SYIksrZeu4

[–] NotMyOldRedditName@lemmy.world 1 points 1 week ago* (last edited 1 week ago)

He should gone ahead and taken out billions in loans against his company and got some cash in hand tax free.