A private limited company, or LTD, is a type of privately held small business entity. This type of business entity limits owner liability to their shares, limits the number of shareholders to 50, and restricts shareholders from publicly trading shares. The owner of the company is completely separated from it. The company is registered into the contracts by company’s official name and its owner is not liable for any kind of actions or finances. The company itself is legally responsible for all actions, liabilities, and finances