business class
Testo Storyboard
- good day and welcome to another business class.today we will be looking ta two important limited liability companies.these are the private and public limited liability companies
- what is the private limited liability?A private limited company is any type of business entity in "private" ownership used in many jurisdictions, in contrast to a publicly listed company, with some differences from country to country.
- what is the formation of a private limited company?A private limited company can be formed by one or more persons for any lawful purpose by registering (incorporating) the company with Companies House.
- disadvantages of private limited liability?1.the law does not permit the public issuing of shares as a way of rising capital for a business.2.a company must make known or file its annual financial report with the registrar of companies.3.its not easy for share owners to sell their shares 4.harder to motivate and control workers
- advantages of private limited liability?1.a private limited company is a separate entity from the persons who actually invest in it 2. the company has an unlimited life.example years after some founding members have moved on, the company can still be operational.
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