The Horse Capital of the World needs to have a horse festival that should coincide with HITS' arrival.
Difference Between LTD Partnership & LLC. A limited partnership and limited liability company are both types of business entities formed under state law. They are similar in structure due to the fact that limited liability companies, or LLCs, are designed to combine the benefits of both partnerships and corporations.or an LLC, all the owners -- called members -- receive this liability protection. However, the owners of a limited partnership are not treated the same in this regard. A limited partnership is required to have at least one general partner and one limited partner.
Quick Answer. Ltd. is an abbreviation for limited.. When used after a business name, it indicates that the owners and shareholders of the business only have limited responsibility for the company's debts and obligations. A company cannot simply place Ltd. after its name for legal protection. In the United States, each state has its own legal requirements for owners to maintain a limited legal liability status. Some states also allow corporations to use ltd. in the place of inc.