"Ltd." is an abbreviation for "limited." When used after a business name, it indicates that the owners and shareholders of the business only have limited responsibility for the company's debts and obligations.Continue Reading
A company cannot simply place "Ltd." after its name for legal protection. In the United States, each state has its own legal requirements for owners to maintain a limited legal liability status. Some states also allow corporations to use "ltd." in the place of "inc."
In some other countries, this abbreviation indicates the business owner is only financially responsible for the amount of money that he or she has personally invested into the business.Learn more about Corporations
The company's name is derived from the initials of Beverly Jean Weich, the daughter of Mervyn Weich, the first president of the company. BJ's Wholesale Club is an American membership-only warehouse club chain that operates on the East Coast of the United States. The company provides electronics, computers, organic foods and meat, sports equipment, office supplies, home and seasonal products, health and beauty supplies, and more. The company was founded in 1996 and is based in Westborough, Massachusetts.Full Answer >
Documents filed by companies, such as annual reports, articles of incorporation, and state and federal tax filings, typically include the name of a company along with a list of board members or owners. Company websites and sales materials, such as brochures, white papers and spec sheets, may also include the names of company owners. Federal and state business databases also provide company information, such as corporate addresses and owner names.Full Answer >
SpaceX is the abbreviated name for Space Exploration Technologies Corporation, an aerospace company that focuses on the manufacture of rockets and supply of the International Space Station with cargo. The company was founded by Elon Musk, the CEO of Tesla Motors.Full Answer >
A company with a name that ends in "inc." is incorporated, giving its owners, officers and investors specific legal advantages. Essentially, these key people in the business have no personal liability in the event that the business fails or assets are seized due to mismanagement or unpaid debts.Full Answer >