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)

References in periodicals archive ?
The report made it clear that the administration has completed during 2009 the procedures of amending regulations and establishment contracts of 82 companies, and renewal procedures of 60 companies in addition to liquidation of 3 limited companies.
Time series analysis revealed that Public Limited Companies were high paymasters prior to the announcement of economic reforms.
The significant changes that private limited companies should be aware of include:
According to Gail Richards for Companies House it is not unusual for people to fall foul of laws regarding limited companies.
FSB regional policy manager Paul Henly said: ``It is encouraging to see the number of limited companies in the north west rising in this fashion.
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.
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.
They mainly are LLCs that are publicly traded, such as British public limited companies and German Aktiengesellschafts.

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