2007-06-29 21:37:27 · 7 answers · asked by Anonymous in Business & Finance ➔ Corporations
Limited - its a limited company.
A limited company in the United Kingdom is a corporation whose liability is limited by law. There are three main types of limited companies which are set up by the Memorandum of Association & Articles of Association:
private company limited by shares (Ltd.)
Similar to Pty. Ltd.
private company limited by guarantee
This type of company does not have share capital but is guaranteed by its "members", who agree to pay a fixed amount in the event of the company's liquidation. Frequently charities incorporate using this form of limited liability. Another interesting example is the Financial Services Authority.
public limited company (PLC).
Public limited companies can be publicly traded on a stock exchange (similar to the U.S. Corporation and the German AG).
As a shareholder in a limited company, if it were to become insolvent (equivalent to bankruptcy in the US) you would only be liable to contribute the amount remaining unpaid on the shares (usually zero, as most shares are issued fully paid). 'Paid' here relates to the amount paid to the company for the shares on first issue, and shouldn't be confused with amounts paid by one shareholder to another to transfer ownership of shares between them. Being a shareholder means you have limited liability.
2007-06-29 21:39:31 · answer #1 · answered by Sal*UK 7 · 0⤊ 1⤋
LTD. means Limited when used in Company Names.
It means that the company shareholders' / owners' liabilities are Limited to the extent of their investments and interest in the company in case that the company becomes insolvent or bankrupt.
In this case, creditors cannot go after the personal assets of shareholders / owners. They can only claim from their remaining interests of the shareholders in the company.
LTD is the same as LLC which stands for Limited Liability Company.
2007-06-30 06:51:14 · answer #2 · answered by Dimos Argento 3 · 0⤊ 0⤋
Ltd. stands for Limited. As in the store called Limited Too. It is supposed to show the store is different or special. It can mean different or special for anything. Hope this helped!
2007-06-30 04:42:01 · answer #3 · answered by ? 2 · 0⤊ 0⤋
Limited
2007-06-30 04:39:44 · answer #4 · answered by Jon 2 · 0⤊ 0⤋
In Eugene, Oregon (in Lane County) it stands for Lane Transit District.
2007-06-30 04:40:51 · answer #5 · answered by Anonymous · 0⤊ 0⤋
abreviation for Limited
2007-06-30 04:40:04 · answer #6 · answered by Im BETTER than that 4 · 0⤊ 0⤋
Limited ...... duh ..... jk ..... not really though
2007-06-30 04:41:09 · answer #7 · answered by supermisplu 2 · 0⤊ 0⤋