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Topic Content:
- Definition of Private Limited Liability Company
- Features of a Private Limited Liability Company
A Private Limited Liability Company is established by a particular set of people (2 to 50) with limited liability. They are not allowed to sell their shares to the public except for private placement.
Features of a Private Limited Liability Company:
- The membership of participants: Members or owners are from two to fifty.
- Governed by memorandum and article of associations.
- The business is a separate legal entity.
- The shareholders have limited liability.
- There is continuity of business operation.
- There is
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