What are the features of private limited companies?

What are the features of private limited companies?
This depends on the country in which it is incorporated. Generally in the UK a Private limited company (ltd.) is incorporated under the Companies Act 1985. Has limited Liability and is not listed on the Stock exchange. Limited companies are not required to subit as much information to companies house or disclose such information to the public. Shareholders in a limited company decide whether or not to make someone a shareholder. Where as with a public limited company any one can own shares as they are openly traded on the stock market.Michael Robson