Private Company:

i) Small in size with membership between two (2) to fifty (50). The minimum number of shareholders a private limited liability company can have is two and a maximum number of fifty.

ii) It has larger capital shareholders when compared with partnership and sole proprietorship.

iii) Stakeholders contribute their funds for the business as shares. iv) A company does not sell shares to the public to raise capital.

v) The shareholders enjoy profits earned by the company.