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limited company

Line breaks: limit¦ed com|pany
(also limited liability company)

Definition of limited company in English:

noun

British
A private company whose owners are legally responsible for its debts only to the extent of the amount of capital they invested. See also public limited company.
Example sentences
  • Public limited companies and large private companies will also require an audit committee, comprising two members of the board, neither of whom can be a chairman or a recent employee of the company.
  • The respondents are a private limited company engaged in the development and operation of petrol service stations.
  • Unless the business is formed as a corporation or a limited liability company, it will be a sole-proprietorship by default.

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