"Pty Ltd" stands for "Proprietary Limited," a type of business structure commonly used in countries like Australia and South Africa. This designation indicates that the company has limited liability, meaning the owners are not personally responsible for the company's debts beyond their investment. It is typically used for small to medium-sized businesses. A Pty Ltd company can have a maximum of 50 non-employee shareholders and must be registered with the relevant government authority. This structure provides a level of protection for personal assets while allowing for easier management and operation compared to larger public companies.