Business, Legal & Accounting Glossary
A form of business organization in the UK that can limit the number of shareholders, restrict their share transactions, while providing them with limited liability. Shareholders are not allowed to sell or transfer shares of the company without first offering them other shareholders, and shares may not be traded through a public exchange. Shareholder liability extends only to their interests in the company and not to their personal assets.
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This glossary post was last updated: 16th November, 2021 | 0 Views.