Meaning of “limited company” in the English Dictionary

british dictionary

(Definition of “limited company” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"limited company" in Business English

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limited companynoun [ C ]

uk us LAW

a company, especially one in the UK, whose owners only have to pay part of the money they owe if the company fails financially:

The new venture will give musicians the opportunity to form / either a limited company or work as sole traders.

(Definition of “limited company” from the Cambridge Business English Dictionary © Cambridge University Press)