1.
are not required to issue a prospectus.
2.
The minimum number of members in a private limited company is
and the maximum is
.
3.
A public limited company must have at least
directors.
4.
The documents issued to the public with a view to invite applications for the sale of shares are known as the
.
5.
The
are the owners of the company.
6.
The memorandum of association must contain the following five clauses: a.
, b.
, c.
, d.
, e.
.
7.
Private limited companies must have the phrase
of
as a part of their name.
8.
The amount called but not paid by shareholders is referred to as
.
9.
Corporations are governed by
.
10.
The shares of a public limited company are
.
A private limited company (LTD) is a type of privately held small business entity that limits owner liability to the value of their shares, limits the number of shareholders to 50, and restricts shareholders from publicly trading shares. A public limited company (PLC) is a type of corporation in which shareholders have limited liability and the company has a separate legal existence from its members. A corporation is a separate legal entity from its owners; it can own assets and debt, and has many of the same rights as an individual. A private limited company has some kind of limited liability. The shareholders are only responsible for their shares, and they cannot be held liable for more than that. A prospectus is a formal legal document designed to provide information and full details about an investment offering. True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists. True is a Certified Educator in Personal Finance (CEPF®), author of The Handy Financial Ratios Guide, a member of the Society for Advancing Business Editing and Writing, contributes to his financial education site, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics. To learn more about True, visit his personal website or view his author profiles on Amazon, Nasdaq and Forbes.
Formation and Organization: Fill In the Blanks FAQs
Formation and Organization: Fill In the Blanks
