Limited companies

 

 

 

Limited companies

 

Glossary of business

 

Definition of limited companies

 

Limited companies are companies owned by shareholders who have limited liability. This means that if they were to go into liquidation the value of their liability is limited to the nominal value of the shares. In other words the owners are not personally responsible for the debts of the company. There are private limited and public limited companies.

 

Source : http://business-tes.wikispaces.com/file/view/Glossary.doc

link: http://business-tes.wikispaces.com/

Author : not indicated on the source document of the above text

 

Terminology about business

 

Job world

 

 

Definition and meaning of limited companies

 

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Meaning of limited companies

 

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What does limited companies mean ?

 

 

 

 

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