PRIVATE LTD CO

A Private Limited Company (Private Ltd. Co. or Pvt. Ltd. Co.) is a type of business structure that combines the flexibility of a partnership with the limited liability protection of a corporation

  1. Limited Liability: One of the primary advantages of a Private Limited Company is the concept of limited liability. The liability of the shareholders is limited to the amount invested in the company, and their personal assets are generally protected from the company’s debts and liabilities.
  2. Separate Legal Entity: A Private Limited Company is considered a separate legal entity distinct from its owners (shareholders) and directors. It can own property, enter into contracts, and sue or be sued in its own name.
  3. Number of Shareholders: A Private Limited Company must have a minimum of two shareholders and can have a maximum of 200 shareholders. These shareholders can be individuals, companies, or other entities.
  4. Minimum and Maximum Directors: A Private Limited Company must have a minimum of two directors, and one of them must be a resident of the country where the company is registered. There is no maximum limit on the number of directors.