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Both companies are incorporated, meaning that they have separate legal identies to the owners of the business, they also have limited liability, where shareholders will only lose the amount of money they invested into the business, if the business became bankrupt.
To set up these companies you must sent two documents, a Memorandum of Association, giving the name, address and objectives of the business, along with an Article of Association, describing the internal rules of the company i.e. how it will be run.
The final similarity is that both companies are owned by shareholders, therefore the more shares you own in these businesses, the more control you have of these businesses. The difference here is that in private limited companies, all existing shareholders must agree before any more shares in the business are sold, and in public limited companies, anyone can buy shares, if the company can find people who want to sell their shares for them.
What else can I help you with?
What are similarities between public finance and private finance?
the private is here to absorve profit which the public secte is not.
What are the similarities between public finance and private finance?
Public finance is a branch of economics that deals with the expenses and revenues from government to government in the economy whereas private finance deals to income and expenditure by the private sector. For more information check out the source below.
What is the difference between public and private sectors aims and objectives?
private anf public
What are the similarities between public sector accounting and private sector accounting?
Both sectors of accounting system must keep everything organized very well. You also want to make sure that more than one person sees every piece of accounting paperwork.
Private Finance Initiative?
is a method to provide financial support for 'public-private partnerships' (PPPs) between the public and private sectors.
Similarities between public and private procurement?
what are the similarities between private and public procurement
What are differences between public enterprise and private enterprise?
check your answer
What are similarities between public finance and private finance?
the private is here to absorve profit which the public secte is not.
Is America a private enterprise?
No, the United States of America is a government, or public enterprise.
What is a mixed enterprise?
Mixed enterprise is a corporate entity combining public and private equity.
What are similarities public finance and private finance?
the private is here to absorve profit which the public secte is not.
What are the similarities between special library and private library?
Similarities between public library and special library with reference
What is the difference between public corporation and public enterprise?
public corporation is a lad and public enterprise is his cousin
Roles of the government in a mixed economy?
To protect the public and to preserve private enterprise.
What is mixed economie?
A mixed economy is a system, where private and public enterprise are combined.
What are the similarities between public finance and private finance?
Public finance is a branch of economics that deals with the expenses and revenues from government to government in the economy whereas private finance deals to income and expenditure by the private sector. For more information check out the source below.
What are similarities and differences between common goods public goods private goods and natural monopolies?
Public goods are non-excludable, so they suffer from a free-rider problem.
