What is a limited Company?

A Company is an amalgamation of two or more persons to form a separate legal entity for the purpose of carrying out their agreed objectives. A limited company is a company, which limits the personal liability of its owners/officers. In the case of a private limited company the people who combine to form the company normally act as the directors and secretary and so are responsible for managing the company. They can also be shareholders each taking an agreed proportion of the shares.
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