Meaning of the word "limited company" in English

What does "limited company" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

limited company

US /ˈlɪmɪtɪd ˈkʌmpəni/

UK /ˌlɪm.ɪ.tɪd ˈkʌm.pə.ni/

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

Example:

•

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.

Synonym:

Ltd LLC Inc