A company limited by shares is a legal entity which exists separately from its owners. A limited company is managed by directors and owned by shareholders.
Limited Liability Parternships (LLP)
A Limited Liability Partnership (LLP) is a company established between at least two partners; one being the main partner, who is responsible for running the business, and a limited partner who contributes cash or property.
Limited BY Guarantee
A Private Company Limited By Guarantee is a corporate structure chiefly used for non-profit organisations that require corporate status.