A limited company is private when its shares are not available to the public by being bought and sold on the stock exchange. While the advantages of a limited liability company can encourage individuals to set up their business under this legal form and structure it is also essential to note the disadvantages. Advantages And Disadvantages Of Limited Liability Company Limited Liability Company Economics Lessons Accounting And Finance It is not always necessary that the name the business owner is looking for will be available as no two companies can have the same name. . Advantages Private limited companies are owned by one or more shareholders. Disadvantages of a Limited Liability Company as a Form of Business in the US. Private companies are limited in the shares of stock theyre able to issue and the stock is also illiquid. A private company is a company with private ownership. Mention of Private Limited Company at the end