Private Limited Company

A private limited company (Ltd) is a type of business structure where owners (shareholders) have limited liability, meaning they are only responsible for the company’s debts up to the amount they invested. It is privately owned and its shares are not available to the general public. The company is a separate legal entity, which can own assets, enter contracts, and be sued independently of its owners. This structure offers liability protection and credibility, making it popular for small to medium-sized businesses. The company’s finances are separate from personal finances, and it is governed by specific legal regulations.