Private Limited Company
/ˈpraɪvɪt ˈlɪmɪtɪd ˈkʌmpəni/
Definitions
- (n.) A type of business entity privately held, limiting shareholder liability to their investment, and typically restricting share transferability.
The startup was structured as a private limited company to protect its owners from personal liability.
Forms
- private limited company
- private limited companies
Related terms
See also
Commentary
Often abbreviated as 'Ltd.', this structure is common in common law jurisdictions and combines limited liability with privacy by restricting public trade of shares.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.