Answer:
A private limited company is any small or medium scale business which is owned by a sole proprietor or a number of owners which are the shareholders. A private limited company is not on the stock exchange and its shares cannot be sold publicly. A private limited company has limited liability which means that the owners liability is limited to the business assets. A private limited company. A private limited company can have its own separate legal identity which would not be associated with it owner(s)
Step-by-step explanation: