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WordNet-Online
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Definitions from the Weblimited companyDescription:A limited company is a legal business entity that offers limited liability to its owners (shareholders) and requires a separate legal incorporation. It operates as an independent legal entity, providing protection to its owners' personal assets in case of financial losses or legal disputes. Sample sentences:1. The formation of a limited company can provide significant advantages, such as limited liability protection. 2. As a shareholder of a limited company, your personal assets are protected in the event of bankruptcy. 3. Many businesses choose to register as a limited company due to the tax benefits it offers. 4. The limited company's Board of Directors is responsible for decision-making and representing the interests of the shareholders. Possible related products on Amazon: | ||||
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