Private Limited Company (Ltd)
A business structure where the company is a separate legal entity from its owners, shareholders have limited liability, ...
Real World
Innocent Drinks operated as a private limited company for years, allowing its founders to retain control and limit personal financial risk without selling shares on the stock exchange.
Exam Focus
Don't confuse Ltd with PLC — state 'shares not publicly traded' and 'limited liability' as two distinct points for full marks.
How well did you know this?