A Private Limited Company is a type of company entity in which ownership is limited to a select group of people, usually close friends, family members, or a limited number of investors. Because of the restricted liability provided by this structure, shareholders' personal assets are often shielded from corporate debts. Shares are privately issued by private limited companies, which are not listed on stock markets. In many countries, they are controlled by the Companies Act and need having two directors at minimum. This type of corporate structure preserves some degree of privacy and control for the shareholders while striking a compromise between the benefits of limited liability and the capacity to acquire money through the issuing of shares.
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