Currently Flashcards

1
Q

What are share and shareholders ?

A

Individual parts of the total issued
Share capital of a company

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2
Q

What do share holders get of a company ?

A

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 )

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3
Q

What is limited liability ?

A

If business has separate legal entity from owners , if business fails owner only loses money that was initially invested

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4
Q

What is unlimited liability ?

A

Is business fails partners are liable for any business debts

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5
Q

What are thee things about private limited ltd companies ?

A

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

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