limited company

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limited company

n. Abbr. Ltd.
A British or Canadian company in which the liability of shareholders is limited to the amount of their investment.

limited company

n
(Commerce) Brit a company whose owners enjoy limited liability for the company's debts and losses
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.limited company - a company that is organized to give its owners limited liability
company - an institution created to conduct business; "he only invests in large well-established companies"; "he started the company in his garage"
Britain, Great Britain, U.K., UK, United Kingdom, United Kingdom of Great Britain and Northern Ireland - a monarchy in northwestern Europe occupying most of the British Isles; divided into England and Scotland and Wales and Northern Ireland; `Great Britain' is often used loosely to refer to the United Kingdom
References in periodicals archive ?
The body of law covers limited liability companies, partnerships and joint stock companies.
State lawmakers recently allowed for the creation of Low-Profit Limited Liability Companies (called L3Cs) for groups advancing educational or charitable purposes.
and GolfSouth Clubs LLC, and various controlled and partially owned limited partnerships ("LPs") and limited liability companies ("LLCs").
It appears that this latter restriction may have unintended negative consequences for certain limited liability companies.
The relationship is based on Bandai obtaining a substantial but non-controlling interest in newly created limited liability companies among The Upper Deck Group.
Business Filings incorporates businesses and forms Limited Liability Companies (LLCs) in all 50 states and the District of Columbia.
The use of limited liability companies became more common, leading many partnerships and corporations to convert.
In addition, 48 jurisdictions (including the District of Columbia and excluding Hawaii, Massachusetts and Vermont) now recognize limited liability companies (LLCs) as legal entities.
Gray Davis has signed into law a dramatic expansion of the rules for limited liability companies, or LLCs, explained Unger, who specializes in real estate and business law.
Witner, Larry and Simons, Kathleen, "Tax Aspects of Limited Liability Companies," The CPA Journal, August 1993, pp.
Under the agreement, Lakes will form two separate limited liability companies with MRD Gaming, a limited liability company based in Las Vegas, NV.
While the use of limited liability companies has become more widespread, as evidenced by the enactment of LLC legislation in almost every state, the Federal tax treatment of such entities and their members has been defined only in very limited ways.

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