Private

Limited Company
 Members

Syiane Taylor Adoney Spencer

Devonté St. Hillaire Elijah Melville

Kyle James
What is a Private Limited Company?

“ Aowned
private limited company is an organisation
by shareholders who have each
invested a sum into the business.
”
Formation of the Business

“A private limited company can be formed by one

or more persons for any lawful purpose by
registering (incorporating) the company with
LLC. The company is brought into existence when
the Registrar of Companies (Registrar) issues the

”
certificate of incorporation.
Ownership

A private limited can have a minimum of 1

shareholder to a maximum to any number of
shareholders but can also have a minimum of
2 directors.Shares are usually determined
when the certificate of incorporation is
received
Is liability Limited or Unlimited?

Private limited companies have limited

liability , meaning an investor only loses the
initial stake if a company goes bust. In law, a
private limited company is separate from the
people who own it. Its finances are separate
from their personal finances.
How are profits distributed?

Profits may be distributed to shareholders in the form of

dividends, or they may be reinvested or retained (within limits)
by the corporation. Losses by the corporation are not
claimed by individual shareholders. At the end of the
financial year, a board meeting is held, wherein, it is decided
as to how much dividend should each share receive. Hence,
sharing of profit in companies is in the form of dividends
decided by the Board of Directors and approved by the
shareholders.
 Advantages Disadvantages

● Limited Liability ● Registration Process

● Easier Maintenance ● Personal Liability.

● Tax Efficient ● High set-up costs

 SIX EXAMPLES
Of types of private limited companies
In Trinidad and Tobago

-Plumber -Private Tutor

-Seamstress -Mechanic

-Tailor -Hair Dresser Salon