Definition of Private companies
A limited company can be ‘private’ or ‘public’.
Most companies, especially small companies, are private and are owned by a small number of shareholders. In the UK, private limited companies names end with the suffix ‘Limited’ or ‘Ltd.
The directors of a private limited company are likely to be the majority shareholders, unlike the directors of a public company.
- Business Structures
- Limited Companies
- Public companies
- Separate legal entity
- Sole traders