Types of Companies

Such a company has a share capital, and the liability of its members is limited by its memorandum of association to any unpaid amount, for the shares they hold.

A private limited liability company by shares must have at least one (1) shareholder but no more than fifty (50), exclusive of any persons who are or have formerly been in the employment of the company and are or still continue to be members of the company.

A private limited liability company cannot offer its shares for subscription to the public. This is the most common type of a company.