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Business- Theme 2 > 2.1.3 Liability > Flashcards

2.1.3 Liability Flashcards

1
Q

Private limited company (LTD)

A

owned by shareholders and shares can be transferred privately

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2
Q

Public limited company (PLC)

A

owned by shareholders and shares can be sold publicly

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3
Q

Limited companies

A

must follow a legal procedure to set up and register documents run by directs who are elected by shareholders​

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4
Q

unlimited companies

A

Businesses where there is no difference between the owner and the business

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Business- Theme 2 (14 decks)

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