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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.
Wiki User
∙ 14y ago
Wiki User
∙ 9y agoA 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
Wiki User
∙ 16y agoIt means it is incorporated to do business by a state or country.
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extranet
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