Information about Limited company

Business law

Business organizations
Basic forms:
Sole proprietorship
Corporation
Partnership (General · Limited · LLP)
Cooperative
USA:
Business trust · LLC · LLLP Delaware corporation Nevada corporation
UK/Commonwealth:
Limited company (By shares · By guarantee) (Public · Proprietary)
Civil law countries:
AB · AG · ANS · A/S · GmbH
K.K. · N.V. · OY · S.A.
European Company Statute
Doctrines
Corporate governance
Limited liability · Ultra vires
Business judgment rule
De facto corporation and corporation by estoppel
Piercing the corporate veil
*Related areas of law*
Contract · Civil procedure

A limited company in the United Kingdom is a corporation whose liability is limited by law. There are three main types of limited companies which are set up by the Memorandum of Association & Articles of Association:

private company limited by shares (Ltd.)
: Similar to Pty. Ltd.
private company limited by guarantee
: This type of company does not have share capital but is guaranteed by its "members", who agree to pay a fixed amount in the event of the company's liquidation. Frequently charities incorporate using this form of limited liability. Another interesting example is the Financial Services Authority.
public limited company (PLC).
: Public limited companies can be publicly traded on a stock exchange (similar to the U.S. Corporation and the German AG).

As a shareholder in a limited company, if it were to become insolvent (equivalent to bankruptcy in the US) you would only be liable to contribute the amount remaining unpaid on the shares (usually zero, as most shares are issued fully paid). 'Paid' here relates to the amount paid to the company for the shares on first issue, and shouldn't be confused with amounts paid by one shareholder to another to transfer ownership of shares between them. Being a shareholder means you have limited liability.

A limited company can be registered in England and Wales, Scotland or Northern Ireland. The registration of companies in Great Britain (England, Scotland and Wales) is done through Companies House. The registration of companies in Northern Ireland is done through the Department of Enterprise, Trade and Investment.

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worldwide view of the subject.
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Companies law
Basic forms:
Sole proprietorship
Partnership
(General Limited LLP)
Corporation
Cooperative
United States:
..... Click the link for more information.

Companies law
Basic forms:
Sole proprietorship
Partnership
(General Limited LLP)
Corporation
Cooperative
United States:
Business trust LLC LLLP
Series LLC
Delaware corporation
Nevada corporation
United Kingdom / Commonwealth / Ireland:
..... Click the link for more information.

Business law
Business organizations
Basic forms:
Sole proprietorship
Corporation
Partnership
(General · Limited · LLP)
Cooperative
USA:
Business trust · LLC · LLLP
Delaware corporation
Nevada corporation
UK/Commonwealth:
Limited company
..... Click the link for more information.

A cooperative (also co-operative or co-op) is defined by the International Co-operative Alliance's Statement on the Co-operative Identity as an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and
..... Click the link for more information.

worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.

Business law
Business organizations
Basic forms:
Sole proprietorship
Corporation
Partnership
(General · Limited · LLP)
Cooperative
..... Click the link for more information.

For other uses of "civil law", see civil law.

Civil law or Continental law or Romano-Germanic law is the predominant system of law in the world. Civil law as a legal system is often compared with common law.
..... Click the link for more information.

Limited Company

See also

External links