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 major properties have to be sold. Nonetheless, the responsibility of the partners is limited to the capital share they hold, and the minimum capital required by law for a "S.L." is at least €3,000. Sweden has no equivalent of an LLC. The closest company form is the "handelsbolag" (lit.: "trade company"). The Swedish AB ("aktiebolag"; lit.: "share company"), like the "handelsbolag", is a tax subject and is more similar to a US C Corporation than an LLC. The minimum capital required by law in a private company, "privat aktiebolag", is SEK 50,000, although this may be in the form of