A private limited company cannot sell its shares to the public and is not listed on the stock exchange.

is a commercial company, whose capital is formed by the quotas (sometimes referred to as shares) of its members/shareholders. The members' liability is limited to the amount of the capital they have subscribed. A private limited liability company must be founded by at least two persons, including foreign natural or legal persons. The minimum authorised capital is BGN 5,000. Each share must be with a value of at least BGN 10 and must be divisible by 100. At least 70% of the capital must be paid up before registration.

a company whose partners are liable only to the extent of their contributions

A private limited company is a type of limited company but has the following restrictions in its articles of association : restricts the rights to transfer its shares; limits the number of its members to 50; prohibits any invitation to the public to subscribe for any shares or debentures of the company. A private limited company does not need to file its annual accounts with the companies registry or open its account for public inspection. The minimum number of directors/shareholders of a company is 2 at any time. # From 14 February 2004, a private company can have only one director and one shareholder.

A business which is run as a Private Limited Company will be owned and operated by the company itself more

A company with Limited Liability, but which is not permitted to issue shares to the public. Contrast with a Public Limited Company.