limited company

US /ˈlɪmɪtɪd ˈkʌmpəni/
UK /ˈlɪmɪtɪd ˈkʌmpəni/
"limited company" picture
1.

a company whose owners are legally responsible for its debts only to the extent of the amount of capital they invested

:
He decided to set up a limited company for his new business venture.
As a director of a limited company, you have certain legal responsibilities.