Limited company has a very important business concept. Limited means the liability for shareholders is limited. Liability is limit to the share value at par of the shareholder hold. For example, Peter hold
5,000 ordinary shares @ HK$1.00 each in ABC Company Limited, in the case of liquidation of ABC
Co Ltd, Peter just liable to HK$5,000 to the company. No more than that but only this HK$5,000.

Each limited company must at least has one shareholder, one director and one company secretary.
The identity of shareholder and director can be overlapped. Director cannot be the company secretary
when the company only has one director.

Any Hong Kong person or foreigner who reach the age of 18 and have a sound mind can be a director or shareholder of a limited company.
A ledger corporation also can be the shareholder or director of a limited company.