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private limited company - abusiness owned by shareholders who cannot sell…
private limited company - abusiness owned by shareholders who cannot sell their shares ot the public
limited liabilit- liability of the shareholders of the business is limited to the amount they invested
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advantages
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shares can be sold to family and friends this will raise a huge su of money to the business as capital which can be invested into the business os the busines can expand
disadvantages
business has to comply with alot of legal regulation and forms which are complicated and time consumuing
less secretive- business reports and accounts have to be published for shareholders to see which can be less secretive compared ot sole propreitorshp or partnerhsip
the shares cannot be sold to the public so the business is limited only with the amount it gets from shares of family and friends
shares can only be sold ot family and friends which means that people will be reluctant to inest in this type of business because they ma not be able to sell their invesments quickly if they want their investment back
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