PTE definition: Copy, customize, and use instantly
Introduction
The term "PTE" refers to a Private Company Limited by Shares, commonly known as a Private Limited Company in certain jurisdictions. It is a business structure that limits the liability of its shareholders and restricts the transferability of shares. This term is widely used to define entities with specific legal and operational limitations in contracts.
Below are various examples of how "PTE" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "PTE" as a private limited company
This definition ties "PTE" to the general understanding of a private limited company.
"PTE" refers to a private limited company, typically characterized by limited liability for shareholders and restrictions on share transfers.
Definition of "PTE" as a private entity
This definition connects "PTE" to a general private entity with limitations on shareholding.
"PTE" means a private company whose shares are not publicly traded and whose ownership is limited to a specific number of individuals.
Definition of "PTE" as a business entity
This definition links "PTE" to its role as a business entity in a legal context.
"PTE" refers to a business entity formed under local laws, where shareholders' liabilities are limited and transfer of shares is regulated.
Definition of "PTE" as a company incorporated under local laws
This definition applies "PTE" to companies incorporated in a specific jurisdiction.
"PTE" means a company incorporated under the laws of [jurisdiction], where ownership is restricted and liability of shareholders is limited.
Definition of "PTE" as an entity with limited liability
This definition ties "PTE" to its limited liability nature.
"PTE" refers to a legal entity in which shareholders’ liabilities are limited to the value of their shares, and which cannot offer shares for public sale.
Definition of "PTE" as a business with restricted share transferability
This definition connects "PTE" to its restricted shareholding rules.
"PTE" means a private company whose share transferability is restricted by the articles of association or similar governing documents.
Definition of "PTE" as a family-owned business
This definition links "PTE" to family-run or privately-owned businesses.
"PTE" refers to a family-owned business entity where the shares are held by a small group of individuals, typically family members.
Definition of "PTE" as a company with non-transferable shares
This definition applies "PTE" to a company with strict shareholding restrictions.
"PTE" means a company where shares are not transferable without approval from other shareholders or the board of directors.
Definition of "PTE" as a company with shareholder agreement
This definition ties "PTE" to an agreement among its shareholders.
"PTE" refers to a private limited company governed by a shareholder agreement that outlines the rights and obligations of each shareholder.
Definition of "PTE" as a company with capital contribution limits
This definition connects "PTE" to companies with specific capital contribution rules.
"PTE" means a private company where shareholders’ contributions are limited and are not subject to external public investments.
Definition of "PTE" as a small business entity
This definition links "PTE" to small or medium-sized businesses.
"PTE" refers to a small or medium-sized business where ownership is closely held and shares are not publicly traded.
Definition of "PTE" as a company with a minimum capital requirement
This definition ties "PTE" to capital requirements.
"PTE" refers to a private company that is required by law to maintain a minimum level of capital to operate within its jurisdiction.
Definition of "PTE" as an entity with limited membership
This definition connects "PTE" to businesses with a limited number of members.
"PTE" means a business entity with a limited number of members who hold shares in the company, typically not exceeding a specified limit.
Definition of "PTE" as a business with a board of directors
This definition applies "PTE" to a company with a governing board.
"PTE" refers to a private company governed by a board of directors who manage the company on behalf of the shareholders.
Definition of "PTE" as a company with internal governance documents
This definition ties "PTE" to a company governed by internal policies.
"PTE" means a company governed by its internal governance documents, such as articles of association or operating agreements, which restrict share transfers and regulate operations.
Definition of "PTE" as a company under statutory regulation
This definition links "PTE" to its regulation under local laws.
"PTE" refers to a company that operates under the statutory regulations of the jurisdiction in which it is incorporated, with specific rules on ownership and share transfers.
Definition of "PTE" as a closely held entity
This definition connects "PTE" to closely held business structures.
"PTE" means a closely held entity with a small number of shareholders who have significant control over the business and its operations.
Definition of "PTE" as a company with voting rights
This definition links "PTE" to the shareholder voting rights in decision-making.
"PTE" refers to a company where shareholders have voting rights based on their shareholding and influence major company decisions.
Definition of "PTE" as an entity with share allocation restrictions
This definition ties "PTE" to a company with strict share allocation rules.
"PTE" means a company with restrictions on the allocation of shares, ensuring that ownership remains within a predefined group of individuals.
Definition of "PTE" as a limited liability company
This definition connects "PTE" to its status as a limited liability company.
"PTE" refers to a limited liability company, where the owners’ liability is restricted to their investment in the company, and personal assets are protected from business debts.
Definition of "PTE" as a venture capital-backed company
This definition links "PTE" to companies funded by venture capital.
"PTE" means a privately held company that may be funded by venture capitalists, where the ownership is limited and shares cannot be traded on public markets.
Definition of "PTE" as a partnership with liability limitations
This definition applies "PTE" to limited partnerships.
"PTE" refers to a private company with limited liability where certain partners or shareholders may have restricted liability compared to others.
Definition of "PTE" as an entity with shareholder liability protection
This definition connects "PTE" to its legal protection for shareholders.
"PTE" means a business structure that protects its shareholders from personal liability beyond their financial investment in the company.
Definition of "PTE" as a non-publicly traded entity
This definition links "PTE" to its non-public trading status.
"PTE" refers to a company whose shares are not publicly listed or traded on any stock exchange, making it a privately held entity.
Definition of "PTE" as a company with a fixed term of operation
This definition ties "PTE" to companies with fixed operational terms.
"PTE" means a private company with a fixed term of operation, subject to renewal or termination upon completion of the specified period.
Definition of "PTE" as a company with non-transferable shares
This definition connects "PTE" to a company with stringent share transfer rules.
"PTE" refers to a private company where shares are non-transferable without prior approval from existing shareholders or the board of directors.
Definition of "PTE" as an entity under private ownership
This definition applies "PTE" to entities under private ownership structures.
"PTE" means a company that is owned and controlled by a limited number of private individuals, who typically hold all shares.
Definition of "PTE" as a subsidiary of a larger entity
This definition links "PTE" to its role as a subsidiary company.
"PTE" refers to a private company that operates as a subsidiary of a larger parent company, with limited control over its operations.
Definition of "PTE" as a tax-efficient business structure
This definition connects "PTE" to its role as a tax-efficient structure.
"PTE" means a company structure that offers tax advantages due to its private nature, including tax benefits for its shareholders or investors.
Definition of "PTE" as an entity subject to local incorporation laws
This definition ties "PTE" to incorporation laws.
"PTE" refers to a private company formed under the laws of a specific jurisdiction, complying with local regulations regarding ownership and management.
Definition of "PTE" as a business with dividend distribution restrictions
This definition links "PTE" to dividend distribution rules.
"PTE" means a company where the distribution of dividends to shareholders is subject to specific restrictions based on the company’s articles of association.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.