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 was founded as a private limited company, allowing its three founders to protect personal assets while growing — shareholders could only lose their initial investment if the business failed.
Exam Focus
Distinguish Ltd from PLC by share sale restrictions; examiners frequently reward candidates who explain *why* owners choose Ltd over sole trader.
How well did you know this?