Limited Companies Flashcards by sam keyte | Brainscape

Q

Limited liability

A

When if a business is in debt the owners personal wealth isn’t at risk

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Q

Difference between ltd and plc

A

An LTD is a private limited company and can only sell shares to people they know (friends and family), whereas a PLC public limited company can sell shares to anyone not the stock market.

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Q

Which is more likely change owners

A

PLC

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Q

Which can only sell shares to friends and family

A

LTD

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Q

Which is less likely to change owners

A

LTD

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