6 business formation terms starting with L: plain-language definitions for founders incorporating across jurisdictions.
Liaison Office is a non-trading representative office of a foreign company used for marketing, research, and coordination without generating revenue.
Limited Company is a UK private company limited by shares, the standard incorporation form for British SMEs and the typical "Ltd" suffix.
Limited Liability Company is a US business structure that combines the liability protection of a corporation with the tax flexibility and informality of a partnership.
Limited Liability Partnership is a partnership where every partner has limited liability for the firm's debts and for the malpractice of other partners, common in professional services.
Limited Partnership is a partnership with at least one general partner who manages the business and bears unlimited liability, plus passive limited partners with capped risk.
Limited Sirketi is the Turkish limited liability company, the standard private company form for SMEs and foreign-owned operating subsidiaries in Turkey.
