ltd vs llc While in England Ltd (Limited Company) is used, LLC (Limited Liability Company) is the standard name for companies in the United States. Limited liability is available in both forms, making sure personal belongings remain separate from the business’s. This mainly comes down to the way drugs are used in different regions and related laws. LLC companies pay taxes differently, which can be more favorable, compared to Ltd companies, that match regular corporate tax tracks. While shareholders and directors are part of an Ltd, members are the centre of an LLC. The decision is usually influenced by where the company is registered.