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Does every limited company have to appoint an auditor to protect the shareholders?
Wiki User
∙ 10y ago
They are not required by law to appoint an auditor to protect the shareholders, but many do. This is not only to protect the shareholders, but to protect the company as well.
Wiki User
∙ 10y ago
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Analyze the benefits which a private limited company might gain by becoming a public limited company?
A public limited companies is a small to medium sized business owned by shareholders who are often members of the same family or friends.
Private Limited Company advantages and disadvantages?
Private Limited Companies have both advantages and disadvantages. Some of the positives are that liability is limited which means that the assets of the shareholders are not at risk if the business gets into financial trouble, the business is never affected by the status of an owner, and it is easy to raise capital as this type of business is allowed up to 50 shareholders. Some of the drawbacks are that shares cannot be transferred without the approval of the other shareholders and that growth might be limited due to the fact that no more than 50 shareholders are permitted.
Does tesco plc have limited or unlimited liability?
it is a plc therefore it has unlimited liabilty, it's shareholders however, have limited liability.
What does the legal structure of business mean?
Its when you decide what your business is going to be about and what products your going to sell! It means a partnership, public company, or a private company structure.
What are the differences between a sole proprietorship and limited liability corporation?
In a limited liability corporation, the company is not personally liable for it, and the owners and shareholders will not get personally sued, only the company will. It has a high start up cost, and it has a long life. Sole proprietorship's have a low start up cost, generally have short life spans, and are personally liable,
Who owns a public limited company?
A public limited company is owned by its shareholders
Who owns a private limited company?
Shareholders
Why do tesco have shareholders?
because it is a public limited company
Who owns public limited company?
A PLC ( public limited company) is owned by shareholders, i.e who buys the share....
Who controls a public limited company?
The Directors control a public limited company. Directors are appointed by Shareholders in AGM.
What is owned by a limited number of shareholders?
Common Stock in a company.
What company has the largest number of shareholders?
Reliance Industries Limited
What is the function of a limited company?
A limited company (Ltd) is that which is limited by shares and listed on the stock market. Its function is ultimately to make profit for its shareholders.
What is Private limited company registration?
A private limited company is a company privately held for small businesses. This type of business entity limits owner liability to their shareholdings, the number of shareholders to 200, and restricts shareholders from publicly trading shares.
What is the difference between ltd and plc?
Ltd is private limited company, it is in the public sector and has limited liability, the only shareholders arre family and friends, PLC is public limited company and anyone can be shareholders. a PLC is open to anyone from the public and a Ltd is only shareholders, family and friends.
Advantages of public limited company?
1) The company has a legal existence separate from management and its members (the shareholders) 2) Members' liability is limited 3)New shareholders and investors can be easily acquired
What is a LTD?
An LTD refers to a "Limited Company." These types of companies have liable shareholders or members. They are limited to either what the company promised them or what they have spent on the company.
