Private entities are organizations or businesses that are owned and operated by individuals or groups rather than the government. They can take various forms, such as sole proprietorships, partnerships, or corporations. These entities aim to generate profit and can operate in numerous sectors, including technology, healthcare, and retail. Unlike public entities, private entities are not required to disclose their financial information to the public. This allows them more flexibility in decision-making and operations. However, they must still comply with laws and regulations set by the government, ensuring fair practices and consumer protection.