In a limited company, the liability of members or subscribers of the company is limited to what they have invested or guaranteed to the company. Limited companies may be limited by shares or by guarantee. In a company limited by shares, the liability of members is limited to the unpaid value of shares. In a company limited by guarantee, the liability of owners is limited to such amount as the owners may undertake to contribute to the assets of the company, in the event of being wound up. The former may be further divided in public companies and private companies. Who may become a member of a private limited company is restricted by law and by the company's rules. In contrast, anyone may buy shares in a public limited company.

সীমিতদায় কোম্পানি বা লিমিটেড কোম্পানি বলতে শেয়ার দ্বারা সীমিত দায়বদ্ধ একটি প্রাইভেট বা পাবলিক কোম্পানি বুঝাতে কোম্পানি নামের শেষে লিমিটেড লেখা হয়। যেমন: কখগ লিমিটেড কোম্পানি, কখগ (প্রা.) লিমিটেড কোম্পানি। লিমিটেডকে সংক্ষেপে “লি.” হিসেবে লেখা হয়।