answersLogoWhite

0

to protect the owners from unlimited liability in the event the company has more debts than assets. The limited company protects the share owners from any claims on their personal assets or income.

User Avatar

Wiki User

15y ago

What else can I help you with?

Related Questions

What are the main features of limited company?

ownership


What is the main object of the new project?

The main goal of the new project is to increase sales and market share for the company.


What is the goal of an organization?

It depends on what type of an organization it is. If it is a privately owned organization the goal is "To Maximize Profit" If it is a Public limited company (Has its shares listed in the stock market) the goal is "To Maximize shareholder wealth"


What's the main goal of a publicly-traded corporation?

The main goal of virtually every publicly-owned company has always been to maximize shareholder value by generating as much profit as possible


What is a Mission statement for a fashion brand?

A mission statement can be a main goal for a company or bussiness. Many missions statements start with the words "Our goal" or "We believe."


Why do companies change to global company?

The main reason is to expand the company, to have new challenges to help grow the company to reach it's goal of financial stability and growth.


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.


When Ltd follows a company's name what type of company is it?

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.


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

It's a public limited company.


Is Barclays bank a public limited company or a private limited company?

its a private limited company