limited company

Definition

A business structure used in Europe and Canada, in which shareholder responsibility for company debt is limited to the amount he/she has invested in the company. Abbreviated Ltd or plc.

Use limited company in a sentence

They were a limited company and I think that they needed to make some changes and change who they were.

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You may find it is best to structure yourself as a limited company if you think that would be the best way.

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My boss asked me to fly to England and establish a subsidiary for us which he instructed should be structured as a limited company so that we would have no extraneous liability.

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Aktiengesellschaft Gesellschaft mit beschränkter Haftung