Limited Company 

A limited company is a business that is legally distinct from the people who run it. It limits the liability undertaken by the shareholders as they are not financially viable for any losses.

  • There are 8 types of companies in the UK: 
  • public limited company (PLC); 
  • private company limited by shares (LTD); 
  • company limited by guarantee; unlimited company (UNLTD); 
  • Limited Liability Partnership (LLP); 
  • Community Interest Company; 
  • Industrial and Provident Society (IPS)
  • Royal Charter (RC)

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