Limited Company

A limited company is a type of business structure where the company's owners (shareholders) have limited liability, meaning their personal assets are protected if the company faces debts or legal issues. The company is a separate legal entity from its owners, responsible for its own debts and obligations. Profits are typically distributed to shareholders as dividends, and the company must follow specific regulations, such as filing financial statements and paying taxes. This structure offers liability protection and can help establish credibility, making it a common choice for small to large businesses.