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when a company fixes the maximum liabilty of its members it is considered as being a limted company by share or gurantee.
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∙ 15y ago
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What do you mean by limited company?
limited company that mean under taking of governmet.
The significance of the word 'limited' in the name of a company?
it means that the company has limited liability. If the company goes bankrupt they loose only what they invest in the business.
What does company designation AS mean in Norway?
Limited company. Meaning their liability is limited by shares or guarantee.
What is a limited company?
A limited company is a corporation, In legal terms the company or corporation is a separate person from its investors. If it goes bankrupt, its investors lose their investment but cannot be pursued for the corporation's unpaid debts. Their liability is limited to their investment--hence, "limited" company.
What does LLC mean?
Limited Liability Company.
What are 2 benefits of converting from a partnership to private limited company?
The formation of a limited company makes the company an entity in its own right with its own liabilities. If you are a partnership and the company goes bust you and your partner are personally liable for any monies owed. If the company is Limited then it is limited to paying the investment into the company and its assets to its creditors should the company fail.
What does PLC after a company name in England mean?
publicly limited company
What do you mean by limitation?
limited company that mean under taking of governmet.
Does PLC mean public limited company?
Yes
What does ltd mean?
It stands for "limited" A type of 'Limited' company or corporation under the law of many Commonwealth countries or of US states. A modern variant is the "limited liability company" (LLC).
What is limited liablility company?
It is a company where the investors will only lose a limited amount, normally what they put in, if the company goes broke. They are protected from having to pay out more than their initial investment. There is therefore a limit on their liability.
What does ltd mean in a company name in the us?
Limited Partnership.
