Concept:The word "limited" indicates that the company is incorporated with limited liability.
Explanation:When a company has "limited" after its name, it means the shareholders' liability is restricted.
Each member is liable only to the extent of the unpaid amount on the shares they hold.
If the company faces liquidation, shareholders cannot be forced to pay more than the face value of their shares.
Their personal assets are protected beyond their shareholding commitment.
Therefore, "limited" refers to limited liability, not profit control, continuity, or management style.
Answer:Option B: members are liable to the extent of their shareholdings only.