WHAT IS COMPANY & IT'S TYPES
COMPANY & TYPES A company is a legal entity formed by a group of people to engage in and operate a business enterprise, either commercially or non-commercially. Companies can be categorized based on their ownership structure, liability, and purpose. Here are the *types of companies* in short: ### 1. *Private Limited Company (Pvt. Ltd.)* - *Description*: A privately held business with limited liability, not publicly traded. - *Key Features*: - Limited shareholders (up to 200). - Shares are not freely transferable. - Personal liability of members is limited to their shareholding. ### 2. *Public Limited Company (PLC)* - *Description*: A company whose shares are available to the public and traded on the stock exchange. - *Key Features*: - Minimum of 7 shareholders, no upper limit. - Must issue a prospectus to the public...