Legistify
1
0

Types Of Private Limited Company

Is there more than one type of private limited company?


335
Team Legistify

Yes. There are private companies limited by shares and private companies limited by guarantee. The former means that the shareholders’ liability is capped at the amount unpaid on their shares (including the nominal amount and any premium on top). The latter means the shareholders’ liability is capped at the amount they have agreed to commit to the company.

Upvote


Ask Your Legal Question Now

Ask a Query


Tags: Company Incorporation Legal Structuring

Have a Legal Issue?

Get connected to the Best Lawyers and Chartered Accountants Near You!


You might like reading these