limited company

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Limited company

A form of business commonly used in the U.K. comparable to incorporation in the U.S.

Limited Company

In the United Kingdom, a company with limited liability amongst its owners; that is, shareholders who are not liable for more than their investment in case of insolvency. In other words, an owner of a limited company would lose the value of his/her investment if the company declares bankruptcy, but would not be held liable for other outstanding debts. A limited company is the most common corporation structure in the United Kingdom and is designated by "Ltd" after its name.

There are two types of limited companies. A limited company by guarantee has no shareholders but instead contains members who contribute a small amount to cover outstanding debts following a potential liquidation. This structure is common among British charities, and is used by the Financial Services Authority. A public limited company usually (but not always) trades publicly, and shareholders are only liable for the value of their individual investments. These companies are designated by "p.l.c." See also: Limited liability company, U.S. Corporation.

limited company (Ltd.)

A firm registered in such a manner as to give its owners limited liability. Limited companies are most often associated with British registration, much as incorporated firms are primarily associated with U.S. registration.

limited company (Ltd)

see JOINT STOCK COMPANY.
References in periodicals archive ?
In 1981-82 average wage was highest in Public Limited companies and lowest in Individual Proprietor units.
Simon Hook, who works as an assistant manager at Clive Owen and Co, has been following developments closely and believes that the Act will benefit small and medium sized private limited companies.
It found that the number of limited companies in the north west now stands at 46% of those quizzed, compared with 33% in 2002 and 30% in 2000.
The information systems provider Experian has launched what it claims to be the first CD-ROM that allows users to analyse data on Britain's limited companies directly within Microsoft's Excel program.
Sales of select 2,37,398 NGNF private limited companies increased by 12.
In both joint-stock companies and limited companies, fields of activity, operations and other corporate matters are governed by articles of association (AoAs, similar to certificates of incorporation and bylaws in Europe), within the framework set out by the Turkish Commercial Code (TCC).
Such tax efficient employee benefit schemes are usually only available to limited companies.
Traditionally, businesses use limited companies to obtain the protection of limited liability, spread ownership around the family or raise finance from third parties, but in recent years, the benefit of low tax rates on retained profits has proved a big incentive to incorporate.
SELF-EMPLOYED business people could cut their tax and National Insurance bills substantially by turning their businesses into limited companies, according to Coventry business advisers Pilley & Florsham.
Dairy farmers who trade as limited companies can benefit from this and improve margins by several thousand pounds, according to Mike Butler, of Tenon Rural Group.
The five companies are state-owned, self-investment limited companies with independent corporate qualification.

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