Words, explained · 25 of 25

Limited company

Also writtencompanyltdlimited

A separate legal person: its money is its own, and its owners can lose only what they put in.

What it is

It is incorporated with a Registry and has ongoing duties — a registered office, officers, records and yearly filings.

What it is not

Not free to keep: it has yearly filings and fees even in a year it earns nothing — and every Jersey company files a tax return, even at 0%.

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