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 ?
Historically, the limited company has been used as a way of pushing income between the husband and the wife and the children very tax efficiently, and the HM Revenue and Customs are trying to stop that.
In order to achieve these objectives, it is imperative that the airline be corporatized and converted into a public limited company, incorporated under the Companies Ordinance, 1984.
Lawyer Kevin Mitchell said: "It is imperative that sports clubs properly organise themselves legally and afford committee members the protection they would get from being a limited company.
There is no requirement to have an authorised share capital when setting up a private limited company.
You have several choices, the two main ones are, sole trader/partnership or limited company.
This means shareholders in a limited company are not responsible for company debts.
The proposed Neptune Development is a 100% big business project of a private limited company.
A very sad reality is that a lot of racing businesses lose money for a long time and the limited company traps the losses inside the company so there is not so much tax advantage.
Becoming a limited company is one of the key steps for a successful business.

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