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7 May, 11:35

What is a private limited company in simple terms

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  1. 7 May, 11:39
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    A private limited company is any small or medium scale business which is owned by a sole proprietor or a number of owners which are the shareholders. A private limited company is not on the stock exchange and its shares cannot be sold publicly. A private limited company has limited liability which means that the owners liability is limited to the business assets. A private limited company. A private limited company can have its own separate legal identity which would not be associated with it owner (s)
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