Escolar Documentos
Profissional Documentos
Cultura Documentos
4.limited companies
a)public limited
blprivate limited
5.subsidiary companies
who do not want to have unlimited personal liability for the debts of the
business. This is because the company has its own legal identity, separate and
distinct from the owners. A limited company can buy assets, borrow money and
enter into contracts in its own name. Liability is defined as limited because the
maximum that the owners can lose is the money that they have invested in the
business. The owners are not personally responsible for the debts of the business
so personal assets such as homes and personal bank accounts are safe.
It is a limited liability company whose shares may be freely sold and traded to the public
(although a plc may also be privately held, often by another plc), with a minimum share
1
capital of 50,000 and the letters PLC after its name. Similar companies in the United States
are called publicly traded companies. Public limited companies will also have a separate legal
identity.
It has shareholders with limited liability and its shares may not be offered to the general
5.subsidiary compaies
2
A joint-stock company is a business entity in which different stocks can be
for the unequal ownership of a business with some shareholders owning more of
a company than others. Shareholders are able to transfer their shares to others
shareholders) and limited liability (shareholders are liable for the company's
debts only to the value of the money they invested in the company). Therefore,
companies.
companies without limited liability. In the United Kingdom and other countries
that have adopted its model of company law, they are known as unlimited
companies.