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Private limited companies.
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| Submitted: Mon Dec 22 2003
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Mostly all private limited companies are made up of people who know each other such as friends, family or any other work associates. They buy the shares and become part owners of the company. Shares cannot be bought by the public, but only by this small group of people, in other words the owner can control who buys the shares. This is why it is called a private limited company. There must be a limited of 2 people to start the business, but there's no upper limit or how many owners there are. A private limited company has limited at the end, which is also known as Ltd, this is to distinguish it from a public limited company. The company can expand by selling more shares to gain more capital, but is limited in this as shares cannot be sold on the Stock Market. Private limited companies are normally medium-sized...
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