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A private limited company is often recognized as a privately-held business entity. It is managed by private stockholders. The notion of liability arrangement in a private company is quite similar to a limited partnership, wherein the shareholder’s liability is equivalent to the number of shares held by them. With new businesses emerging rapidly across the country, there is a need to get familiar with different business forms i.e., limited liability, sole proprietorship, and private limited company. In this article, we will look into a detailed aspect of a Pvt Ltd Company.