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Limited
Companies
- Definition: a private
company whose owners
are legally responsible for
its debts only to the extent
of the amount of capital
they invested.
- A private limited company
(ltd): is often a small
business such as an
independent retailer in a
market town. Shares do not
trade on the stock
exchange.
- A public limited company
(plc) is usually a large,
well-known business. This
could be a manufacturer or a
chain of retailers with
branches in most city centres.
Shares trade on the stock
exchange.
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