Limited

A "Limited" company is a type of business structure where the owners' financial responsibility is limited to the amount they invested in the company. This means that if the business faces debts or legal issues, the owners’ personal assets, like their homes or personal savings, are protected. The company is considered a separate legal entity, so it can own property, enter into contracts, and be sued independently of the owners. This structure helps entrepreneurs manage risk while allowing the company to operate and grow. Examples include private limited companies (Ltd.) or public limited companies (PLC).