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what does Limited & unlimited mean with a company name?
Why at the End of a company name Ltd. (Limited) comes, what does it mean, and what is the difference between Ltd companies and Unlimited Companies
thanks in advance
Unlimited is when a company formed by registration under the Companies Act 1985 where the liability of the members is unlimited - that is, they are liable to contribute whatever sums are required to pay the debts of the company should it go into compulsory liquidation.
Limited means that it is partnership acting as a corporation. it has a limited partner. a limited partner means upon bankruptcy or liquidation of the company, only the assets invested by the limited partner can be held as payment for outstanding creditors both internal and external.
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