Private Limited Liabily can be define as an association orcated by a group Individuals who pool out their resource to engage in a business with the primary aim of making Profit. It has a minimum of (2) and the macumum of (So) must end with Ltd.

A Private Limited Liability company is an association created by a group of individuals who pool their resources to engage in a business with the primary aim of making profit. It must have a minimum of 2 and a maximum of 50 members/shareholders, and its name must end with "Ltd."

Features/Characteristics:

• Ownership: A Private Limited Liability company is owned by its shareholders, who must be between 2 and 50 in number.
• Objectives: The main objective of a Private Limited Liability company is to make profit.
• Management: The business is managed by a board of directors, who may be appointed by the shareholders.