Overview of Private
A private limited company is a type of business structure commonly used by small to medium-sized enterprises in many countries, including India and the UK. In a private limited company, the owners have limited liability for the company's debts and the shares of the company are not publicly traded. The ownership and management of the company is typically restricted to a small group of individuals or shareholders, and there are often restrictions on the transfer of shares. This structure offers certain advantages, such as limited liability protection for owners, separate legal identity from its owners, and potential tax benefits.