The word ''limited" written after the name of a company means that

Assessment: WAEC SSCE - Commerce - 2021 (Objective) Subject: Commerce

Question 1 Report

The word ''limited"  written after the name of a company means that  

Answer Details
The word "limited" written after the name of a company means that the members of the company are liable to the extent of their shareholdings only. In other words, their financial responsibility for the company is limited to the amount of money they have invested in it, typically through the purchase of shares. This type of company is commonly referred to as a limited liability company, which provides its members with a degree of protection from financial losses.
Read lesson note on Legal Aspect Of Business (WAEC)
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