Public Limited Company - PLC Flashcards
1
Q
Ownership
A
Shareholders
2
Q
Liability
A
Limited
3
Q
Finance
A
Share capital (money that the shareholders give)
4
Q
Decision making/control
A
Shareholders=control
Managers=decision making
(Note: divorce of ownership and control)
5
Q
Documents required
A
Memorandum of association
Articles of association
6
Q
Advantages
A
Raising capital ( easy to get money from share holders because they buy things),limited liability,continuity, specialism
7
Q
Disadvantages
A
Set up costs, divorce of ownership and control, less privacy, threat of take over
