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
Public limited company the suffix "Limited" ("Ltd."), which is still used by private limited companies. When a new company incorporates in England and Wales or in Scotland, it must register with Companies House, an executive agency of the Department for Business, Innovation and Skills. Prior to October 2009 companies in Northern Ireland were registered with the Northern Ireland Executive's Department of Enterprise, Trade and Investment, but since then Northern Ireland company registrations are handled by Companies House along with the rest of the United Kingdom. Formation of a public limited company requires a minimum of two directors and one secretary (differing from country