Topic 1 Quiz 2 PLC and Ltd

Give two advantages of being a Private limited company (Ltd)

• Continuity

• Divorce of ownership and control

• Raising capital

• Sharing of profits

Give two disadvantages of being a Private limited company

• Limit on capital

• Lack of privacy

• Specialisation

• Control

Give two advantages of being a Public limited company (PLC)

• Limit on capital

• Specialisation

• Threat of takeover

• Limited liability

Give two disadvantages of being a Public limited company

• Divorce of ownership and control

• Raising capital

• Less privacy

• Low start-up costs

Give two advantages of being a Private limited company

• Limit on capital

• Divorce of ownership and control

• Control

• Continuity

Give two disadvantages of being a Private limited company

• Set up costs

• Conflict between partners

• Sharing of profits

• Raising capital

Give two advantages of being a Public limited company

• Set up costs

• Continuity

• Raising capital

• All profits are kept

Give two disadvantages of being a Public limited company

• Threat of takeover

• All profits are kept

• Specialisation

• Set up costs

Give two disadvantages of being a Private limited company

• Control

• Lack of privacy

• Limited liability

• Sharing of profits

Give two advantages of being a Public Limited Company

• Set up costs

• Specialisation

• Continuity

• Sharing of profits