limited company

a company in which each shareholder is responsible for the company's debts only to the amount that he or she has invested in the company. Limited companies must be formed by at least two directors.

Abbreviation Ltd
Also called limited liability company
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memorandum and articles of association
limited liability company
accounting entity
reporting entity
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National Association Of Investors Corporation (NAIC)
Individual Retirement Arrangement (IRA)
tax reform