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...What is a private limited company contents activity types of organisation advantages being disadvantages operating as type legal business where ownership and control are in the hands different people owners called shareholders or members they receive share certificates return for capital have invested actual management responsibility directors not necessarily lawyers describe companies incorporated businesses law separate persons technically has identity from either employees employed by debts owed owing to sole traders partnerships on other hand described unincorporated an no liability event failure creditors only entitled recover money equivalent total original value shares this same current market suppose start up issues totalling each costs know that most will normally be required pay out unpaid applies even if far more than significantly belong shareholder stands lose amount hold but so x with stated he she risking need affected beyond collapses much greater may paid their persona...