Question

What is the meaning of pty ltd in simple words

Answer 1

"Pty Ltd" stands for "Proprietary Limited." It's a term used primarily in Australia and South Africa to indicate that a company is a private entity. This means that the company has a limited number of shareholders, and its shares cannot be publicly traded. Essentially, it indicates that the owners' financial liability is limited to the amount they invested in the company. In simple terms, it means the company is privately owned and protects the owners from losing more money than they put in.