what is ltd company
DEFINITION of 'Ltd. An abbreviation of limited, Ltd. is a suffix that follows the name of a company, indicating that it's a private limited company-a kind of incorporation available under British and Irish, and some Commonwealth countries laws.n a limited company, the shareholders' liability is limited to the capital they'd originally invested. If such company becomes insolvent, the shareholders personal assets remain protected. Shares in a private limited company are not offered to the general public (distinguishing it from a public limited company-plc.).