a private limited company is a legal entity in its own right, seperate from those who own it, the shareholders. The limited liability, potential tax advantages, and simplicity of running a private limited company make this the most common form of registered business in the UK. As a shareholder of a private limited company, you personal possessions remain seperate (unless they are secured against the business for borrowing), and your risk is reduced to only the money you have invested in the company and any share you hold which you have not yet paid for.
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