The correct answer is: A private limited company.
A private limited company is a type of business organization that is owned by a group of shareholders. The company is a separate legal entity from its shareholders, which means that the shareholders are not personally liable for the debts
of the company. The company’s assets belong to the company, and the company can create a floating charge over its assets. This means that the company can borrow money and use its assets as security for the loan. Change in membership does not alter the existence of the company, which means that the company can continue to exist even if some of its shareholders sell their shares. Members cannot transfer their interests to others, which means that shareholders cannot sell their shares to anyone they want.A limited liability partnership is a type of business organization that is similar to a private limited company. However, in a limited liability partnership, the partners are personally liable for the debts of the partnership. This means that if the partnership goes bankrupt, the partners may have to sell their personal assets to pay off the partnership’s debts.
A general partnership is a type of business organization that is owned by two or more partners. The partners are personally liable for the debts of the partnership. This means that if the partnership goes bankrupt, the partners may have to sell their personal assets to pay off the partnership’s debts.
In conclusion, the correct answer is: A private limited company.