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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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โˆ™ 2008-12-14 20:25:24
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Q: What does it mean when a company goes limited?
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Related questions

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 do you mean by limited company?

limited company that mean under taking of governmet.


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 company designation AS mean in Norway?

Limited company. Meaning their liability is limited by shares or guarantee.


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 is mean by pte ltd?

It stands for Private Limited company


What does LLC mean?

Limited Liability Company.


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 is the difference between a Ltd company and a none Ltd company?

Ltd is an abbreviation for Limited Liability; a limited company has limits to its liability; if the company goes bankrupt, or is sued, the liability does not extend to the shareholders in the company. A non-limited company; usually sole traders or partnerships, has unlimited liability - if a plumber floods your house, he is liable and you can sue him. Most non-limited companies have insurance to cover this kind of eventualility.


What does Private Limited mean?

A private limited company is a private company whose shareholders have limited liability. As a private company, its shares are not publically traded and shares are held only by investors. These investors are only liable for their original investment in the company.


Does the term 'limited' after the company name mean limited liability?

Yes you are correct. Limited means limited liability for the owners or principles of the company. It does not however limit the liabilities of the company itself. only the principles personal assets are protected.


Does PLC mean public limited company?

Yes


Why do private limited and public limited have limited liability?

So Emily cant find Joe. No really its to stop the owners from losing their house if the company goes bankrupt :P


What kind of company is Ltd?

A company where liability is limited to the members. There are three kinds of limited company: private company limited by guarantee, private company limited by shares, Public limited company


What's limited company formation?

Limited company formation is the process of forming a limited company. A limited company is a company (usually a new company) that is organized for owners having limited liability.


Is Microsoft a public limited company or a private limited company?

It's a public limited company.


What does ltd mean in a company name in the us?

Limited Partnership.


What does llc after a company's name mean?

Limited Liability Corporation


What do you mean by plc company?

PLC stands for public limited company, or in the U.S., a public company. PLC is a type of limited company whose shares may be offered for sale to the public. Linda @ Discount Telephone Marketplace


What is an Ltd company?

A limited company is a company with limited liability. As per the company law, a company is legal entity and can have assets and liabilities. In India, we have two types of Limited companies i.e. a public limited company and a private limited company. A public limited company has its shareholders as public and a private limited is owned and governed by an individual or a group of individuals.


Is the business Tesco a public limited company or a private limited company?

Public limited company


Is wilkinsons a private limited company or a public limited company?

wilkinsons is a private limited company.


What are the differences in public limited and private limited company?

What are the similarities between a public limited liability company and a private limited liability company.


Is the limited company called as public limited company?

Limited company can be public or private. There is no necessary a limited company should be a public company. Public companies are those company which are registered with company act 2013 under section 2(71). However a public company must be have a limited liability.