A Private Limited Company (Pvt Ltd) is a business entity privately owned by a small group of shareholders or members. Unlike public limited companies, the shares of a private limited company are not publicly traded on a stock exchange. The shares of a private limited company are, therefore, held privately, meaning ownership and control are restricted to a few or some individuals. This structure is preferred by small to medium-sized enterprises (SMEs) due to its flexibility, legal recognition, and ability to limit liability for its shareholders.
