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A private limited company, or LTD, is a type of privately held small business entity. This type of business entity limits owner liability to their shares, limits the number of shareholders to 50, and restricts shareholders from publicly trading shares.
As the name signifies sole proprietor is the natural person financing, managing and carrying out all related operations of his business solely. He runs his venture, bears all the risks and gains and becomes the masters of his business. He can adopt a trade name or business name which is other than his legal name to separate his personal connection.
Public limited company is the largest form of business in India. A public limited company can be listed on stock exchanges and can thus invite funds from public. Also, there is no restriction as to the maximum no. Of shareholders in a public limited company