Privite Limted Company Flashcards
1
Q
How many shareholders can it have?
A
2 or more
2
Q
Do they sell share privately?
A
Yes sell shares privately to raise the money for the business
3
Q
Where can’t they sell shares
A
Stock market
4
Q
Who do they run by?
A
Run by a board of directors on behalf of the shareholders
5
Q
Who are the directors elected by?
A
Directors are elected by the shareholders at an agm
6
Q
What identity will the business have
A
Business has a separate legal identity
7
Q
Annual accounts?
A
Must produce and publish annual accounts
8
Q
What must they complete
A
Must complete articles and memorandum of association
