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it means that the company has limited liability. If the company goes bankrupt they loose only what they invest in the business.

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βˆ™ 11y ago
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βˆ™ 3y ago

IT MEANS THAT THE COMPANY HAS LIMITED LIABILITY. IF THE COMPANY GOES BANKRUPT THEY LOOSE ONY WHAT THEY INVEST IN THE BUSINESS

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Q: The significance of the word 'limited' in the name of a company?
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Can you abbreviate the word limited for a company if the correct way to spell it is LIMITED?

The abbreviation LTD is used, unless the actual company name includes "Limited" as in "Pacific Limited LTD."


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The word "limited" stands for "limited liability". This means that the liability of a shareholder in a company for the company's debts (for example, in an insolvency or liquidation scenario) is "limited" to any unpaid capital on their shares. In most cases, there will be no amount unpaid (ie. a fully paid share) and so no liability of a shareholder for the company's debts.


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Title XXXVIBUSINESS ORGANIZATIONSChapter 621PROFESSIONAL SERVICE CORPORATIONS AND LIMITED LIABILITY COMPANIESView Entire Chapter 621.12 Identification with individual shareholders or individual members.-- (1) The name of a corporation or limited liability company organized under this act may contain the last names of some or all of the individual shareholders or individual members and may contain the last names of retired or deceased former individual shareholders or individual members of the corporation, limited liability company, a predecessor corporation or limited liability company, or partnership. (2) The name shall also contain: (a) The word "chartered"; or (b)1. In the case of a professional corporation, the words "professional association" or the abbreviation "P.A."; or 2. In the case of a professional limited liability company, the words "professional limited company" or the abbreviation "P.L.," in lieu of the words "limited company" or the abbreviation "L.C." as otherwise required under s. 608.406. (3) In the case of a corporation, the use of the word "company," "corporation," or "incorporated" or any other word, abbreviation, affix, or prefix indicating that it is a corporation in the corporate name of a corporation organized under this act, other than the word "chartered" or the words "professional association" or the abbreviation "P.A.," is specifically prohibited. (4) It shall be permissible, however, for the corporation or limited liability company to render professional services and to exercise its authorized powers under a name which is identical to its name except that the word "chartered," the words "professional association" or "professional limited company," or the abbreviations "P.A." or "P.L." may be omitted, provided that the corporation or limited liability company has first registered the name to be so used in the manner required for the registration of fictitious names.


A sentence using the word company?

Every private limited company must have at least one shareholder.


How do you spell mickey backwards?

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How can I find a good company name?

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What is company name is the french word for nightingale?

Rossignol, the maker of great ski equipment, has the French word for "nightingale" as its name.


What does the word ltd stand for?

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You just need of name of company those word start from K?

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No it is not.