Private Limited Companies Flashcards
1
Q
Who owns the business?
A
Shareholders own the business
2
Q
Number of owners
A
Amount of owners is based on how many investors there are.
3
Q
Who finances the business?
A
The private investors finance the business
4
Q
What liability is there?
A
There is limited liability
5
Q
Who keeps the profits earned ?
A
Profit is split with investors and share holders
6
Q
How is the business established
A
Register with the majesty
7
Q
What happens if the owner dies?
A
The business continues
8
Q
Advantages
A
Limited liability
Can bring investors
9
Q
Disadvantages
A
Have to have accounts
Have to disclose information on sales and profits
Original founder has not got full control
