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有限公司 (yǒu xiàn gōng sī) is used in formal situations to refer to a limited company, Ltd. It is commonly used in business contexts, such as when referring to a company's legal status or when signing a contract. For example, a company's legal name might be written as "XXX有限公司" (XXX yǒu xiàn gōng sī).
In informal situations, 有限公司 (yǒu xiàn gōng sī) is not typically used. Instead, people may use other terms such as "公司" (gōng sī) or "企业" (qǐ yè).
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