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Private Limited Company - Coggle Diagram
Private Limited Company
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Advantages
limited liability - the owners of the business are liable for the debts of the business only up to the amount they have invested
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easier to keep control compared to public limited company since the shares can't be sold to the public
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Examples of PLC
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hairdresser, photographer, lawyer, dentist, accountant, etc.
Definition
A company whose shares are not publicly traded on stock exchanges and were not issued via an initial public offering.
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