What is an LTD company, and why can entrepreneurs use it as a business structure

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An LTD company is a limited company in which the shareholders are limited in the risk they take, which is limited to their investment. Entrepreneurs adopt such a structure to safeguard personal property, enhance credibility, and act under a legal form. An LTD company is able to possess property, enter into contracts, and deal in finances independent of its owners. It also provides a chance of tax planning and increased ease of access to investment. Several new ventures and expanding companies choose an LTD as the structure since it limits the financial risks, offers long-term viability, and facilitates professional business.