PUBLIC LIMITED LIABILITY COMPANY (OR JOINT STOCK COMPANY)
A public limited liability company is defined as one which by its articles allows the public to subscribe for its shares, must have a minimum of seven persons but no maximum number is prescribed, allows the shares to be transferred…
PRIVATE LIMITED LIABILITY COMPANIES
A private limited liability company is defined as one which by its articles restricts the right to transfer its shares, limits the number of its shareholders from two to fifty, prohibits any invitation to the public to subscribe for its…
LIMITED LIABILITY COMPANIES
DEFINITION OF A COMPANY A company can be defined as a legal person or entity created by the association of a number of people in accordance with the law for the purpose of pooling their capital together in order to…
Study Guide
