BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The name of a private company must end with the words ‘(Proprietary) Limited’ or ‘(Pty) Ltd’. Details here comparing a Private Company ((Pty) limited) to a close corporation. Please bear in mind that close corporations are no longer available as new entities so most new structures will be Pty Ltd.

Detailed explanation-2: -A private limited company can be a small or large business. A private limited company has limited liability and often these types of business have ‘Ltd’ after the business name.

Detailed explanation-3: -The term appears as a suffix that follows the company name, indicating that it is a private limited company. In a limited company, shareholders’ liability is limited to the capital they originally invested. If such a company becomes insolvent, the shareholders’ personal assets remain protected.

Detailed explanation-4: -Ltd simply means ‘limited’ and refers to limited liability. Limited liability companies are public companies, which means the public has a certain amount of ownership. Public companies may generate revenue in this way, whereas private companies cannot.