2006-08-30 10:47:00 · 6 answers · asked by jj_5926 1 in Science & Mathematics ➔ Engineering
"Ltd" is short for a "limited liability" corporation. A corporation shields the directors from personal liability, in most cases.
You can read up more on them at :
http://www.mycorporation.com/llc.htm
2006-08-30 10:52:52 · answer #1 · answered by charlesbeyer 1 · 0⤊ 0⤋
LTD stands for Limited Company. A Limited Company has, by law to have a managing director and other directors who must meet regularly and report Company activities to Companies House. In return, individuals are protected from being held personally responsible if the Company goes bankrupt, ie. the Company and it's assets can be sold to cover debts but the Company owner and directors personal possessions cannot.
2006-08-30 11:45:04 · answer #2 · answered by pol 3 · 0⤊ 0⤋
Ltd means limited liability in regard to indebtedness. Stockholders in such companies cannot be held individually liable for the company's debts.
2006-08-30 10:55:08 · answer #3 · answered by Helmut 7 · 0⤊ 0⤋
Wow. limited liability company is LLC. Not ltd.
2006-08-30 12:30:50 · answer #4 · answered by Just_curious 4 · 0⤊ 0⤋
LTD .. limited
2006-08-30 10:52:22 · answer #5 · answered by Brian D 5 · 0⤊ 0⤋
limited liability company
http://www.answers.com/main/ntquery?s=limited+liability&gwp=13
2006-08-30 10:53:22 · answer #6 · answered by Paul 7 · 0⤊ 0⤋