Private Limited Company Registration
Private limited company
A private limited company (Pvt. Ltd.) is the most common and versatile business structure for startups and small to medium-sized enterprises.
- Company limited by shares: This is the most common form of a private limited company. The liability of each shareholder is limited to the amount of money they have invested or the amount unpaid on their shares. Their personal assets are protected from business liabilities.
- Company limited by guarantee: Typically used for non-profit organizations, this type does not have shareholders. Instead, it has members who act as guarantors. Their liability is limited to the amount they pledge to contribute toward the company's debts in the event of liquidation.
- Unlimited company: In this rare structure, the liability of the members is not limited. In the case of liquidation, the personal assets of the members can be used to pay off company debts.
