Private limited company Private limited company A private limited company is a type of business entity in "private" ownership used in many jurisdictions in contrast to "public" ownership, with some differences from country to country. Examples include "LLC" in the US, "private company limited by shares" in the UK, "GmbH" in Germany or "společnost s ručením omezeným" in the Czech Republic. In Albania a limited liability company () is a commercial company founded by persons of physical or judicial status, who are not liable for the company and personally bear losses only up to the outstanding contribution agreements. Partners' contributions constitute the registered
Private limited company LLC. Japanese Tax authority does not consider J-LLC (Godo-Kaisha) a pass-through entity, but as a taxable entity. Limited liability company in Latvia is referred to as "sabiedrība ar ierobežotu atbildību" (SIA). SIA is taxed as a corporation. The minimum share capital required by law is €2,800. But it is allowed to set up SIA with share capital €1.00, but it must be increased to minimum share capital €2,800 by increasing share capital with money or by moving at least 25% from annual profit until capital will be €2,800. Macedonian legislation contemplates LLCs as "Друштво со ограничена одговорност" ("Drushtvo so ogranichena