Public Limited Company Flashcards
1
Q
Who owns the business
A
Owned by shareholders
2
Q
Number of owners
A
Minimum of seven shareholders or limitless number of members
3
Q
Who controls the business
A
Board of directors and partners
4
Q
Who finances the business
A
The shareholders
5
Q
What liability is there
A
Limited
6
Q
Who keeps the profit
A
Shareholders or it goes back into the business
7
Q
What happens if the owner dies
A
Business continues
8
Q
Advantages
A
Limited liability
Will benefit from publicity
Shareholders can buy or sell shares
9
Q
Disadvantages
A
Original owners lose control and ownership of the business
Majority of company can be taken over if shareholders agree to bid
Must disclose all main accounts to the public
