A form of business commonly used in the U.K. comparable to incorporation in the U.S. Bloomberg Financial Dictionary
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A limited company is privately owned with less than 50 shareholders having limited liability. Nearly all newly formed companies in the UK are incorporated as limited companies. London Stock Exchange Glossary
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limited company UK US noun [C] LAW
► a company, especially one in the UK, whose owners only have to pay part of the money they owe if the company fails financially: »
The new venture will give musicians the opportunity to form either a limited company or work as sole traders.
→ See also COMPANY LIMITED BY GUARANTEE(Cf. ↑company limited by guarantee), COMPANY LIMITED BY SHARES(Cf. ↑company limited by shares), LIMITED LIABILITY COMPANY(Cf. ↑limited liability company), LLC(Cf. ↑LLC), SOLE TRADER(Cf. ↑sole trader), SOLE PROPRIETORSHIP(Cf. ↑sole proprietorship), UNLIMITED COMPANY(Cf. ↑unlimited company)
Financial and business terms. 2012.