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private limited companies- business that are owned by shareholders but…
private limited companies- business that are owned by shareholders but they cannot sell their shares to the public
shareholders- owners of a lmited company . that buy shares that rpresnt part ownership of that compnay
limited liability- liability of shareholders is limited to the amount they invested into the business
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advantages
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shares can be sold to family and friends . so larger sum of money can be invested into the business which would make the business to expand more rapidly
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