LTD means limited and this means that the shareholders or owners of the company are afforded limited liability cover. Under this structure, people do not personally have responsibility in the debts of the enterprise other than their investment. This enables the business to be a separate legal person having the ability to possess assets, accept contracts and act independently. The LTD status offers credibility, legal safeguards and financial security to owners of businesses. Small to medium-sized businesses that do not want to lose much risk but still want to be taken seriously tend to use it. what does ltd stand for (https://accountingbyte.com/limited-companies/)