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A limited company is where the shareholders (owners or members) have limited liability to the company's debts. Their liability is restricted to the value of the shares that they own or the personal guarantees they enter into, for example a business loan they have provided a personal guarantee for surety.Limited liability company owned by the shareholders (owners or members) With limited liability towards the company's debt settlement Their liability is limited to the value of the stocks they own or personal guarantee that they put into it, such as business loans they have provided personal guarantees for insurance.
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