A limited company is a type of business structure where the company has a legal identity of its own, separate from its owners (shareholders) and its managers (directors).
An example of this would be ‘Green Construction Ltd‘. Any type of business can set up as a private limited company – for example, a plumber, hairdresser, photographer, lawyer, dentist, accountant or driving instructor. The owners of a private limited company are known as shareholders .
An enterprise is referred to as private limited only if all its shares happen to be distributed among private entities. A band of promoters own a Pvt Ltd Company. On the contrary, the shares allocated in an Ltd or Public Limited Company can be purchased by anybody.