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 direct equivalent of an LLC in Peru, but some similar corporate forms include: The capital for any of the above entities is freely determined by its statutes. There is no minimum requirement except for entities with certain types of activities, mainly in the financial markets, and then irrespective of their type. In Poland, a limited liability company is referred to literally as “company with limited liability” ("spółka z ograniczoną odpowiedzialnością", legally abbreviated as "sp. z o.o." (or sometimes "Sp. z o.o." in particular names). Informally, in the Polish speaking slang, it is abbreviated as "spółka zoo" (pronounced with a long