Private Limited Company - LTD Flashcards
1
Q
Ownership
A
Shareholders (normally friends or family)
2
Q
Liability
A
Limited (the amount of money you invest)
3
Q
Finance
A
Share holders
4
Q
Decision making/control
A
Control=shareholders
Decision making=managers
5
Q
Documents required
A
Memorandum of association
Articles of association
6
Q
Advantages
A
Raising capital, limited liability, continuity, control
7
Q
Disadvantages
A
Sharing profit, lack of privacy, set us costs, limit on capital
