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Limited Companies
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Limited Companies
Definition: a private company whose owners are legally responsible for its debts only to the extent of the amount of capital they invested.
A private limited company (ltd): is often a small business such as an independent retailer in a market town. Shares do not trade on the stock exchange.
A public limited company (plc) is usually a large, well-known business. This could be a manufacturer or a chain of retailers with branches in most city centres. Shares trade on the stock exchange.