Limited company

A limited company is a company whose practices are limited by English law. There are three main types of limited companies which are set up by the Memorandum of Association & Articles of Association:

As a shareholder in a limited company, you can only lose what you have put into the company if it were to go bankrupt (e.g if you bought shares for 50, you can only lose 50). Being a shareholder means you have limited liability.

See also

Links

  • Limited liability company (http://www.businesslink.gov.uk/bdotg/action/detail?r.l3=1073865730&r.l2=1073859215&r.l1=1073858808&r.s=sc&type=RESOURCES&itemId=1073789612)


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