Cambridge O Level Business Studies · Syllabus 7115 · Understanding Business Activity
Private Limited Company
What is Private Limited Company?
An incorporated business owned by shareholders whose shares cannot be offered for sale to the general public and can usually only be transferred with the agreement of the other shareholders. Its owners have limited liability, it has continuity independent of any one owner, and it must meet legal formalities such as filing accounts.
This definition is part of the Understanding Business Activity chapter in Cambridge O Level Business Studies.
Last reviewed Syllabus 2026