As noted, in a limited company, the assets and debts of the company are separate from those of the shareholders. As a result, should the company experiencefinancial distressbecause of normal business activity, the personal assets ofshareholderswill not be at risk of being seized by creditors. O...
A limited liability company (LLC) is a business entity authorized by state law. Get the complete limited liability definition along with additional resources!
a rather limited intelligence. Chiefly British. responsible for the debts of a company only to a specified amount proportionate to the percentage of stock held. (of a business firm) owned by stockholders, each having a restricted liability for the company's debts. ...
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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...
company- an institution created to conduct business; "he only invests in large well-established companies"; "he started the company in his garage" Britain,Great Britain,U.K.,UK,United Kingdom,United Kingdom of Great Britain and Northern Ireland- a monarchy in northwestern Europe occupying most...
A limited liability company (LLC) is a business structure for private companies in the United States, one that combines aspects of partnerships and corp
Definition and meaning A Public Limited Company (abbreviated as PLC) is a public company under British and Irish law. It is also a public company in some Commonwealth nations. It is similar to publicly traded companies in the US. Members of the public can buy and sell a PLC’s shares on...
Ex: Metro Cash and Carry Company is a limited service business.Another example of limited service business is the mail order wholesalers. These wholesales bring the product ordered over internet to your address. You pay them the amount and get the product. Other examples can be truck ...
a. (of a business firm) owned by stockholders, each having a restricted liability for the company's debts. b. (usu. cap.) incorporated; Inc. Abbr.: Ltd. 5. (of trains, buses, etc.) making only a limited number of stops en route. n. 6. a limited train, bus, etc. [1545...