Public Limited Company Flashcards
1
Q
Who owns the business?
A
General public shareholders
2
Q
Number of owners
A
Two to fifty owners
3
Q
Who controls the business
A
The sharholders
4
Q
Who finances the business
A
The shareholders
5
Q
What liability is there?
A
Limited liability
6
Q
Who keeps the profit
A
The company and the shareholders
7
Q
What happens if the owner dies?
A
The business continues
8
Q
Advantages
A
Can attract more media attention
Limited liability
Usually well known
9
Q
Disadvantages
A
If a mistake is made the media is likely to cover it
More rules/regulations
