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$200.00
Number of UK LLC
In the UK, the term LLC (Limited Liability Company) isn't commonly used. Instead, the UK typically refers to Limited Companies (Ltd) for business structures with limited liability protection. However, the Limited Liability Company (LLC) concept from other countries, such as the U.S., is very similar to the Private Limited Company (Ltd) in the UK.Here’s a breakdown of how Limited Companies in the UK work, and how they are analogous to LLCs in other countries:About Limited Companies in the UK (Ltd)A Limited Company (Ltd) is a legal entity that is separate from its owners (shareholders) and directors. It provides limited liability protection, meaning that shareholders are not personally liable for the company's debts beyond their shareholding. This is one of the primary reasons why entrepreneurs and businesses opt for this structure.Key Features of a UK Limited Company (Ltd)Limited Liability 🛡️Shareholders of a Limited Company are protected from personal liability. Their financial responsibility is limited to the value of the shares they own in the company.This means personal assets, such as property and savings, are protected from any business debts or liabilities.
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