Private Limited Company is most popular to start a business in India. A private limited company is a company privately held for small businesses. This type of business entity limits owner liability to their shareholdings, the number of shareholders to 200, and restricts shareholders from publicly trading shares. A Private Limited Company offers limited liability and legal protection to its shareholders. Shares of Private Limited Company cannot be publically traded. A private limited company can have a minimum of two members and a maximum of fifty members. A person can be both a director and shareholder in a Private Limited Company. Unlike working as a sole trader or being in a partnership a limited company is a legal entity in its own right. It has a different structure and more complex requirements such as different tax and legal obligations.