• JOINT VENTURES OR ENTERPRISES
    ECONOMICS

    JOINT VENTURES OR ENTERPRISES

    Joint ventures or enterprises can be defined as those businesses in which private investors and governments are in partnership. In other words, these are ventures which are set up by government in collaboration with private firms. One of the major purposes of setting up a joint venture is to combine some of the advantages of government and private ownership and reduce the problems of complete government or private ownership. It also eliminates the inefficiency associated with public corporations. Government can participate in joint venture with private firms in various ways. Some of the ways include: Acquisition of part of the ownership of an already existing company. Government may provide a…

  • PRIVATE LIMITED LIABILITY COMPANIES
    ECONOMICS

    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 shares, and the name of the private liability company must end with the abbreviation of “Limited”, e.g. Bluebird Nigeria Limited, Godwill Nigeria Limited and Newswatch Nigeria Limited.   FEATURES OR CHARACTERISTICS OF PRIVATE LIMITED LIABILITY COMPANIES Ownership: The business is owned by shareholders who may be between two and fifty persons in number. Objective: The major aim of private limited company is to make profit. Source of capital: The capital…

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