What designation do private limited companies typically have at the end of their name?

Prepare for the VCE Business Management Exam. Use flashcards and multiple choice questions, with hints and explanations for each question. Get ready for your success!

Private limited companies typically use "Pty Ltd" at the end of their name to indicate their status. The "Pty" stands for "proprietary," which signifies that the company is privately held; it limits the ownership and the ability to sell shares to the public. This designation reflects the legal framework that governs private companies, providing certain benefits such as limited liability for the owners.

In contrast, the other designations listed serve different purposes or apply to different types of companies. "Corp Ltd" is more commonly associated with public corporations, while "Public Ltd" specifically pertains to public limited companies that can sell shares to the public. "Incorporated" indicates that a company is legally recognized as a separate entity but does not specifically denote the private status that "Pty Ltd" does. Therefore, "Pty Ltd" is the appropriate designation for private limited companies, reflecting their ownership structure and operational limitations.

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