Difference between revisions of "Limited Company"
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Latest revision as of 18:01, 11 March 2020
Limited Company - (noun)
Definition
In a limited company, the liability of the shareholders liability is limited to the capital they originally invested.
Extra
Source: Taken from Investopedia
Example of Use: The shareholders set up a limited company as they wanted their personal assets to be protected in the event the company were to become insolvent.