Editing Openai/68daa8d8-0204-8001-988b-c981f5194aa0 (section)

=== Assistant: From what you described about Nesto having multiple shareholders but limited liability, it sounds like a private limite… ===
From what you described about Nesto having multiple shareholders but limited liability, it sounds like a private limited company. Here’s why:
# Private Limited Company: - Ownership is divided among a small group of people (family, partners, or selected investors). - Shares cannot be freely traded publicly. - Liability of shareholders is limited to their investment.
# Public Limited Company: - Shares are traded on the stock market and anyone can buy them. - Also has limited liability, but it’s open to the public.

Nesto is not listed on the stock exchange, so it is a private limited company, not public.

If you want, I can also explain why private limited companies are preferred for businesses like Nesto. Do you want me to?