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A limited company is an organisation that you set up to run your business. You will no longer be wholly responsible for it and its finances will be separate to your personal finances. By the same token any profit it makes will be owned by the company, after it has paid its Corporation Tax.What is the meaning of the term 'limited company'?
Key Takeaways Ltd. ... Limited companies limit the liability of a corporate loss to the business and do not impact the private assets of owners or investors. Limited companies may be set up as either private or public (PLC).Who owns a limited company?
A limited liability company, or LLC, is owned by members, who can be individuals, other business entities or even a combination of both. When another business owns more than 50 percent of an LLC, the LLC is referred to as a subsidiary.