Definition, Meaning & Synonyms
pty
Abbreviation/Business Structure
/ˈpɪti/
Definition
Pty is a common abbreviation for ‘proprietary company’ in Australia, which is a type of business structure.
Examples
- Tech Innovations Pty is a leading software development firm.
- She founded her own company, Eco Products Pty, to focus on sustainable goods.
- They registered as a Pty Ltd company to limit their financial liability.
Meaning
In legal terms, ‘pty’ signifies a private company limited by shares, providing liability protection to its shareholders.
Synonyms
- Proprietary company
- Private company
- Pty Ltd
