From Longman Dictionary of Contemporary Englishlimited companyˌlimited ˈcompany (also limited liability company) noun [countable] BBCa company in Britain whose owners only have to pay a limited amount if the company gets into debt → public limited company
Examples from the Corpus
limited company• Acorn is a limited company formed in 1955.• In the case of a limited company, the secretary or a director should sign.• You can be sole trader, in a partnership or limited company, in the manufacturing, retailing or service industries.• To meet the challenge the public authority would have to be transformed into a public limited company. 