Private Corporations
From Simcountry
Contents |
[edit] What is a private corporation?
Private corporations are simply CEO owned corporations that have not yet gone public, or in other words, they are corporations where the CEO owns 100% of the shares. Like state owned corporations, private corporations must pay for taxes, site maintenance, fixed property costs, salaries, interest on any loans, and raw materials. However, in addition to those expenses, private corporations must also pay the country resources used fee.
[edit] How do I make my corporation private?
Corporations are private by default, but if you happen to acquire a public corporation, you can only make it private by controlling 100% of the shares. In order to do this, you must place buying orders for the corporation's shares on the stock market.
[edit] How do I make my private corporation public?
In order to make a private corporation public, you must perform an initial public offering, which essentially makes the corporation's stock, which you previously owned 100% of, available on the open market for other players to purchase.
[edit] Hostile takeovers & Nationalization
The president of a country can nationalize your corporation at any time. When this happens, the country will take full ownership of your private corporation, and will pay you its market value in return. Other CEOs can also perform a hostile takeover of your private corporation by placing a bid that is equal to or greater than its market value. There is nothing you can do to stop this, short of asking the bidding player to retract the bid.
