Private Limited company

Private Limited Companies are owned by

• Sole Traders

• Partners

• Shareholders

• The Government

Sole Traders have

• Unlimited Liability

• Limited Liability

Private Limited Companies have

• Limited Liability

• Unlimited Liability

Which of the following 3 are Private Limited Companies?

• Colin Logan Building Contractors LTD

• Islay Hospital

• Aitchison LTD

• Mactaggart Leisure Centre

• B. Mundell LTD

Which of the following is the least complicated to set up?

• Sole Trader

• Partnership

• Private Limited Company

Shareholders recieve a share of the profits a LTD makes called a

• Dividend

• Bonus

• Commission

• Cash Prize

Private Limited Companies have to make Financial Information Public

• True

• False

Why does a company issue shares?

• To raise money that can be invested in the business
• To make more profit
• To get more owners
• To allow the business to be sold off

Which of the following is an advantage of a private limited comapany

• You can sell shares openly to anybody around the world
• You can gain more sales as the business is well known
• You can choose your own shareholders that are suitable for the business
• They have unlimited liability

How many people can be in a partnership?

• 2
• 2-10
• 2-20
• Unlimited