Types of Private Limited Company

1. Company limited by shares: This type of company is the most common type of private limited company. The company has a share capital, and the liability of the shareholders is limited to the amount unpaid on their shares.
2. Company limited by guarantee: This type of company does not have a share capital. Instead, the members of the company provide a guarantee to contribute a certain amount towards the company’s assets if the company is wound up.
3. Unlimited company: In an unlimited company, there is no limit on the liability of the members. This type of company is not commonly used as it presents a higher risk for the members.

A Pvt ltd company is a type of business structure that is privately held by a small group of individuals or shareholders. This type of company limits the liability of its shareholders to the amount they have invested in the company. This means that the personal assets of the shareholders are protected in case the company faces financial difficulties or legal issues.

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