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)