Limited companies (private and public) Flashcards
1
Q
Tell me about a public limited company (4 points)
A
The business has Limited Liability so the owners risk losing only the money that they invested in the company.
It must have a memorandum of association. This tells the business who the business is and where it is based (the birth certificate of the business).
It must have an article of association. This is a document that sets out how the business will be run.
It is owned by shareholders. The more shares an individual owns the more control they have.
