Private Limited

• November 19, 2022
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A private limited company is a company that is privately held for small businesses. The liability of the members of a Private Limited Company is limited to the number of shares respectively held by them. Shares of Private Limited Companies cannot be publically traded. All the aspects of a Private Limited Company are discussed in the article. It is one of the major components of a private limited company. The name of the company contains three parts i.e. the name, the activity, and the private limited company. It is necessary for all private companies to use the word private limited company at the end of their company name. Every company has to send 5-6 names for approval to the registrar of the company and all the names should be unique and expressive. The name for approval should not resemble any other company's name. So choosing the right company name is an important component is it will stay with the company throughout its life.

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