A Private Limited Company is a type of business structure that limits the liability of its owners, known as shareholders. This means that if the company faces financial difficulties, the personal assets of the shareholders are protected. Typically, shares in a private limited company cannot be sold to the general public, which helps maintain control among a small group of investors. In many countries, a private limited company must have at least one director and one shareholder. This structure is popular among small to medium-sized businesses because it offers flexibility in management and tax benefits while ensuring a level of privacy regarding financial information.