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Meaning of limited companies

 

 

 

Limited companies

 

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Business glossary

 

Meaning of term limited companies :

 

Limited companies are companies owned by shareholders who have limited liability. This means that if they were to go into liquidation the value of their liability is limited to the nominal value of the shares. In other words the owners are not personally responsible for the debts of the company. There are private limited and public limited companies.

 

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Limited companies

 

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Meaning of term limited companies

 

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