Topic 12: Types of Business Organizations
Private Limited Companies
Features v Must use the word “Limited” or “Ltd” after its name v Can not invite the general public to buy its shares and debentures v Must have a minimum of two shareholders v Can…
Topic 12: Types of Business Organizations
Joint Stock Companies
Definition A Joint Stock Company is an association of people who contribute towards a joint stock of capital for the purpose of carrying on business with the view to profit. The stock of capita…
Topic 12: Types of Business Organizations
Public Limited Companies
Features of Public Limited Companies v Must use the word “Public Limited Company” or “PLC” after its name v Can invite the general public to buy its shares and debentures v Can transfe…
Public Limited
Difference Between Private and Public Limited Companies
Private Limited Companies 1. Relatively small in size 2. Cannot transfer its shares 3. Cannot sell its shares through stock exchange 4. Can ha…
Private Limited
Difference Between Partnership Firms and Limited Companies
Partnership 1. Ordinary partners have unlimited liability 2. Limited to 20 partners 3. It is regulated by Partnership Act 1890 4. It is not a…
Topic 12: Types of Business Organizations
Joint Stock Companies
Definition A Joint Stock Company is an association of people who contribute towards a joint stock of capital for the purpose of carrying on business with the view to profit. The stock of capi…
Topic 12: Types of Business Organizations
Private Limited Companies
Features v Must use the word “Limited” or “Ltd” after its name v Can not invite the general public to buy its shares and debentures v Must have a minimum of two shareholders v Can h…
Topic 12: Types of Business Organizations
Public Limited Companies
Features v Must use the word “Public Limited Company” or “PLC” after its name v Can invite the general public to buy its shares and debentures v Can transfer its shares freely v Mus…
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