Private limited company in the context of "Limited liability company"

The University of Law (founded in 1962 as The College of Law of England and Wales) is a private for-profit university in the United Kingdom, providing undergraduate and postgraduate degrees in law, business, psychology, criminology, policing and computer science. It also provides postgraduate courses in education, and specialist legal training and continuing professional development courses for British barristers, solicitors and trainees; it is the United Kingdom's largest law school. It traces its origins to 1876.

The College of Law had been incorporated by royal charter as a charity in 1975, but in 2012, prior to the granting of university status, its educational and training business was split off and incorporated as a private limited company. This became The College of Law Limited and later The University of Law Limited. The college was granted degree-awarding powers in 2006, and in 2012 changed its name to The University of Law (ULaw) when it became the UK's first for-profit educational institution to be granted university status.

In financial accounting, a balance sheet (also known as statement of financial position or statement of financial condition) is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, a private limited company or other organization such as a government or not-for-profit entity. Assets, liabilities and ownership equity are listed as of a specific date, such as the end of its financial year. A balance sheet is often described as a "snapshot of a company's financial condition". It is the summary of each and every financial statement of an organization.

Of the four basic financial statements, the balance sheet is the only statement that applies to a single point in time of a business's calendar year.

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 (public limited companies) and private companies (private limited 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.

Limited companies can be found in most countries, although the detailed rules governing them vary widely. It is also common for a distinction to be made between the publicly tradable companies of the plc type (for example, the German Aktiengesellschaft (AG), Dutch and Belgian nv, British PLC, Czech a.s., Italian S.p.A., Hungarian nyrt. and the Spanish, French, Polish, Greek and Romanian S.A.), and the "private" types of companies (such as the German GmbH, Dutch and Belgian bv, Portuguese Lda., British Ltd, Japanese G.K., Polish sp. z o.o., Russian ООО, Ukrainian ТОВ (TOV), the Czech s.r.o., the French s.à r.l., the Italian s.r.l., Romanian s.r.l., Hungarian kft., Bulgarian ДОО (DOO), Slovenian d.o.o., and Slovak s.r.o., in India Pvt Ltd for private company and Ltd for public company, in Singapore Pte Ltd for private company).

Gesellschaft mit beschränkter Haftung (German: [ɡəˈzɛlʃaft mɪt bəˌʃʁɛŋktɐ ˈhaftʊŋ]; lit. 'company with limited liability') is a type of legal entity in German-speaking countries. It is equivalent to a société à responsabilité limitée (Sàrl) in the French-speaking region of Switzerland and to a Società a Garanzia Limitata (Sagl) in the Italian-speaking region of Switzerland.

It is an entity broadly equivalent to the private limited company in the United Kingdom and many Commonwealth countries, and the limited liability company (LLC) in the United States. The name of the GmbH form emphasizes that the owners (Gesellschafter, also known as members) of the entity are not personally liable for the company's debts. GmbHs are considered legal persons under German, Swiss, and Austrian law. Other variations include mbH (used when the term Gesellschaft is part of the company name itself), and gGmbH (gemeinnützige GmbH) for non-profit companies.

A private company limited by shares is a class of private limited company incorporated under the laws of England and Wales, Hong Kong, Northern Ireland, Scotland, certain Commonwealth jurisdictions, and the Republic of Ireland. It has shareholders with limited liability and its shares may not be offered to the general public, unlike those of a public limited company.

"Limited by shares" means that the liability of the shareholders to creditors of the company is limited to the capital originally invested, i.e. the nominal value of the shares and any premium paid in return for the issue of the shares by the company. A shareholder's personal assets are thus protected in the event of the company's insolvency, but any money invested in the company may be lost.

Společnost s ručením omezeným (lit. ‘company with limited liability’) is the Czech and Slovak legal structure for a private limited company (as it is known in the United Kingdom) or a LLC (as it is known in the United States). The commercial name of a limited liability company must include the designation “společnost s ručením omezeným” (Czech) or “spoločnosť s ručením obmedzeným” (Slovak), (e.g. “limited liability company”), or in abbreviated forms, to wit: “spol. s r. o.” or “s. r. o.”.

The Universities and Colleges Admissions Service (UCAS /ˈjuːkæs/ YOO-kass) is a charity and private limited company based in Cheltenham, England, which provides educational support services. Formed on 27 July 1993 by the merger of the former university admissions system, Universities Central Council on Admissions and the former polytechnics admissions system, Polytechnics Central Admissions System, the company's main role is to operate the application process for British universities and colleges. The company is funded by fees charged to applicants and universities as well as advertising income.

Services provided by UCAS include several online application portals, several search tools and free information and advice directed at various audiences, including students considering higher education, students with pending applications to higher education institutes, parents and legal guardians of applicants, school and further education college staff involved in helping students apply and providers of higher education (universities and HE colleges).