Is the limited company private or private?

Legal analysis: Limited liability companies do not necessarily belong to private enterprises. If the legal person is a natural person/private enterprise, then this limited liability company is a private enterprise. If the legal person is a state-owned enterprise, then this limited liability company is a state-owned enterprise.

Legal basis: Article 3 of the Company Law of People's Republic of China (PRC) stipulates the responsibilities of the company and its shareholders. The company is an enterprise legal person with independent legal person property and enjoys legal person property rights. The company is liable for its debts with all its property. Shareholders of a limited liability company shall be liable to the company to the extent of their subscribed capital contribution; Shareholders of a joint stock limited company shall be liable to the company to the extent of the shares subscribed by them.