A limited company is a style of small business which is signed up in this sort of a technique whereas the proprietors of which possess limited liability to it. This style of company is generally owned by stakeholders however functions are taken care of by its company directors. This form of business is actually a combination in between a corporation and partnership with specific limitations when it can come to the ownership. These types of limits vary however on the type of limited company. There are four principal styles of limited company: Private Unlimited Company, Private Company Limited by shares, Private Company Limited by guarantee and the Public Limited Company.
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