Public Limited Companies Flashcards
1
Q
What is a Public Limited Company?
A
An incorporated business that sells on the stock exchange
2
Q
What liability do Public Limited Companies have?
A
Limited due to different shareholders
3
Q
What taxes do Public Limited Companies pay?
A
Corporation tax
4
Q
What are the advantages of owning a Public Limited Company?
A
Easier to get large share capital
Very developed
5
Q
What are the disadvantages of owning a Public Limited Company?
A
Expensive and hard to set up
Financial documents are all public so competition could take advantage
Constant media attention if something goes bad
