Limited Company: -
- Company that is incorporated
- A limited company is an individual legal entity which is separate from that of its officers.
- A limited company has its own assets, liabilities, profits and losses where the liabilities are
- limited to the Company unlike a sole trader or partnership where the assets and liabilities of the business are that of the individuals.
- Limited companies must also submit annual accounts to Companies House these are made available to the general public.
- A Company that is organized to give its owners limited liability
- A Company in which the liability of the members in respect of the company’s debts is limited.
