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[Music] this is taking the beers the channel for a level business students and their revision in this video we are going to be looking at the ownership type of Private Limited companies or Ltd so lets begin by examining what an Ltd actually is well its a business that is owned by a group of shareholders and each of those shareholders is protected by what is known as limited liability which is really the first of our advantages that we may need to know about when were answering exam questions on private limited companies so limited liability is a legal protection that shareholders of all limited companies enjoy and it means that in the event of business failure should the business become bankrupt the owners of the Ltd are protected from any debts that the business may leave behind so although the businesss assets can be used in order to try and recoup any debts that a business leaves behind and although the shareholders will lose any capital that they have invested into the organiza
