What is a Ltd Company aim? The place I work has a short time ago changed there designation

The place I work has a short time ago changed there designation and now have LTD at the end, can anyone report to me what that means? Thanks

i judge they have a trilby on how much debt they can get into, and a few other things that stop at a point financially. not 100% sure though.

It means that the liability are limited to that company - within other words, if the company goes bust owing money, the debtors cannot pursue the shareholders for the debts.

It's a court structure - one of many permitted for companies.

It is a group of owners like a partnership, adjectives profits pass to the owners, and levy ,not the company. Its a fixed company, this means the liability is taken away from the directors/owners.

If the company be to have money troubles, the directors wouldnt enjoy to pay for any of the repayments themselves, the company or creditors (people who the company owes money to) would finish off up paying for the debts.

Answers: LTD expands into 'Limited' signfying that the liability of adjectives shareholders (promoters included) is 'limited' to the extent they hold the shares of that company. That is, if a person holds partly-paid-up shares consequently that person can be expected to pump surrounded by only that money which shall cause his shares fully-paid-up. So if the company defaults on some payments, that shareholder shall be liable solely upto the amount unpaid on his/her shares.

There are other legal formalities resembling accounts book disclosure norms, number of directors etc. which have to be complied with while becoming a 'Limited' from a 'Private Limited' company. Also within a 'Limited' company which is actually another label for 'Public Company', shares can be issued to general public, unlike a 'Private Company'.

Opposite of Limited company, surrounded by that sense, can be a 'Partnership Firm' or simply a 'FIRM' where liability of respectively partner is unlimited! That is if one partner cheats and takes money from others on behalf of that firm, adjectives other partners shall be in somebody`s company held liable to make full repayment. That is why, probably, shrewd minds avoid a partnership firm and prefer to incorporate a company.

So, your company have now become a 'Public LIMITED Company' from a 'Private LIMITED Company'. Such a adapt can be either voluntary or forced as per the applicable Company Law.

Hope it help.
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