Private Limited Companies (LTD)

Facts

* They must be owned by at least Two Shareholders.

* Shares are sold privately to freinds and family, who invest money into the business.

* Shareholders have Limited Liability.

* Shareholders vote for a board of directors who run the business.

* The company must have "Limited" or "LTD" in their name.

What is Limited Liability?

* Limited Liability is the oppsite of Unlimited liability.