Public Limited Company (PLC) Flashcards
1
Q
Who owns the business?
A
The shareholders
2
Q
Number of owners?
A
It can range from 2 to any amount
3
Q
Who controls the business?
A
The board of directors
4
Q
Who finances the business?
A
Shareholder and investors
5
Q
What liability is there?
A
Limited Liability
6
Q
Who keeps the profit?
A
The owners
7
Q
What happens if the owner dies?
A
The business will continue and someone else will takeover
8
Q
Give 2 advantages of a Public Limited Company
A
Can advertise its shares to the public
Attract more media coverage as they have more shareholders
9
Q
Give two disadvantages of a Public Limited Company
A
Cannot control who buys their shares
Competitors can see the finance of the business
