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In Australia, a form of privately held company that has limits defined with respect to its financial responsibility. Unlike a public company, a proprietary company cannot offer shares to the public for equity capital raising. Limits and meaning may vary depending on the regulatory law of the country in which the company is created. Same as private limited company in Australia.

Cover of Frederick, O'Connor, Kuratko (2019), Entrepreneurship Theory Process Practice (Melbourne: Cengage) Glossary term from Asia-Pacific edition of Entrepreneurship Theory Process Practice (Melbourne: Cengage, 2019)

Synonyms:
proprietary limited company (Pty Ltd)
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