Limited company

What is a 'Limited Company - LC'

In a limited company (LC), the liability of members or subscribers of the company is

limited to what they have invested or guaranteed to the company.
The naming convention for this type of corporate structure is commonly used in the
United Kingdom. It is commonly known as a limited liability company (LLC) in the
United States and other parts of the world.
Limited companies may be limited by shares or by guarantees. The former may be
further divided into public companies and private companies. Who may become a
member of a private limited company is restricted by law and by the company's rules.
In contrast, anyone may buy shares in a public limited company.
Limited companies can be found in most of the countries, although the detailed rules
governing them vay widely. It is also common for a distinction to be made between
the publicly tradable companies of the plc type (for example, the German
Aktiengesellshaft (AG), British PLC, Czech a.s., Italian S.p.A., and the Spanish,
French, Polish and Romanian S.A.), and the private types of company (such as the

German GmbH, British Ltd, Polish sp. Z o.o, the Czech s.r.o., the italian s.r.l. and the
Slovak s.r.o.).

Private company limited guarantee

This is a company that does not have share capital, but is guaranted by the members,
who agree to pay a fixed amount in the event of the companys liquidation.
Charitable organizations are often incorporated using this form of limited liability.
Another example is the Financial Conduct Authority. In Australia, only an unlisted
public company can be limited by guarantee.

Private company limited by shares

Ha shareholders with limited liability and its shares may not be offered to the general
public. Shareholders of private companies limited by shares are often bound to offer
shares fellow shareholders prior to selling them to a third party.

Limited public company

A public limited company can be public traded on a stock exchange; this is similar to
the U.S. Corporation (Corp.) and the German Aktiengesellschaft (AG).