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Private company limited by shares, a class of company in the UK and some Commonwealth nations; Limited company, a class of company in several countries with limited liability
The private company equivalent in Australia is the Proprietary Limited company (Pty Ltd). An Australian company with only Limited or Ltd after its name is a public company, such as a company listed on the ASX. Australia does not have a direct equivalent to the plc.
Limited liability is a legal status in which a person's financial liability is limited to a fixed sum, most commonly the value of a person's investment in a corporation, company, or joint venture.
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A definition states the meaning of a word using other words. This is sometimes challenging. Common dictionaries contain lexical descriptive definitions, but there are various types of definition – all with different purposes and focuses. A definition is a statement of the meaning of a term (a word, phrase, or other set of symbols).
There are a number of legal benefits that come with incorporation. One significant legal benefit is the protection of personal assets against the claims of creditors and lawsuits. Sole proprietors and general partners in a partnership are personally and jointly responsible for all the legal liability (LL) of a business such as loans, accounts payable, and legal
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Corporate speak in non-English-speaking countries frequently contains borrowed English acronyms, words, and usages. [14] Russian-speakers, for instance, may eschew native constructions and use words such as лидер (literally: lider for 'leader') or adopt forms such as пиарщик (piarshchik for 'PR specialist'). [citation needed]