Currently Flashcards
What are share and shareholders ?
Individual parts of the total issued
Share capital of a company
What do share holders get of a company ?
Owners of shares in a company
Share holders recieve dividends
Buying shares give buyer part owner ship of business and certain rights
(Right to vote changes in a business )
What is limited liability ?
If business has separate legal entity from owners , if business fails owner only loses money that was initially invested
What is unlimited liability ?
Is business fails partners are liable for any business debts
What are thee things about private limited ltd companies ?
One or more shareholders with limited liability
Share can only be transferred privately all share holders must agree
Often family business
Must publish finanacial assets