company 2

Owners are not personally liable for the firm's debts, only for the amount of contributed capital, this is...

• unlimited liability

• limited liability

• franchising

Disadvantages of partnerships (2):

• there is someone to consult on business decisions

• shared responsibility

• more capital

• unlimited liability

When a company has its own legal identity and can sue or own assets in its own right

• incorporated

• legal

• private

private limited company (2)

• number of members from 1 to 50

• a large, well-known business

• number of members from 7 and no limit

• shares are traded on the stock exchange freely

• is often a small business

Public limited company (3)

• number of members from 2 to 50

• a large, well-known business

• number of members from 1 and no limit

• shares are traded on the stock exchange freely

• is often a small business

Maximum number of members in Public Limited company

• No limit

• 100

• 50

• 200

Minimum number of members in Private company

• 7

• 10

• 2

• 1

Which of the following company need to compulsory issue the Prospectus ?

• OPC

• Private Company

• Public Company

• All of the above

Shares are freely transferable in case of Private company

• True

• False

• Partially True

• Partilly False

Which of the following companies can not invite people to invest in their shares by public announcement ?

• Partnership

• Public Limited

• Private Limited

• Non of these