A Private Limited Company, often abbreviated as Ltd, is a type of business structure in the UK where the company is legally separate from its owners. It has its own legal identity, which means that the owners, known as shareholders, have limited liability. Shareholders are only responsible for the company's debts up to the amount they invested. This type of company is privately owned, which means that a small number of people, usually family members or close friends, own the majority of the company's shares. The company's shares are not traded on the stock exchange. This structure allows for greater control while safeguarding personal assets, making it a popular choice for small to medium-sized enterprises.
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