Company types- Arts Admin

What is the definition of subsidised theatre

• Theatre where you have to pay a subsidy to the government

• makes no profit. Uses funds donated by a patron - could be the government. Must ensure that ticket prices make theatre accessible for all.

• Non for profit organisations who give to charity

Receiving House

• a theatre which produces work

• receives funding

• no original work. Host others

• a community venue

What is a PLC

• Public Limited Cooperation- a co-operative with limited shares

• Public Limited Company shares on FTSE Stock Exchange (public shares)

• Public Liability Co- insurance company

What is a Statutory Company

• created by a Special Act of the Parliament and it provides services of value to the public

• A company that has to abide by the law

• a company from the United States

• A company owned y the government, for the government

In a Co-operative, shareholders are who?

• the owners

• the workers

• the company directors

• the public

Which two answers relate to a company limited by guarantee?

• an alternative type of corporation used primarily for non-profit organisations that require legal personality.

• a company that is solely reliant on its' guarantee of revenue

• An entrepreneur can opt to set up a new independent business and try to win customers.

• does not usually have a share capital or shareholders, but instead has members who act as guarantors.

What does it mean when a company is limited by shares?

• Shares a sold for charity

• the liability of the shareholders to creditors of the company is limited to the capital originally invested

• the company is limited in what it is able to fund/provide

• the company cannot go bankrupt or be sued

Which of these statements describe a limited company

• they are incorporated, which means they have their own legal identity and can sue or own assets in their own right.

• any business that is owned and controlled by one person

• Ownership is divided up into equal parts called shares

• does not usually have a share capital or shareholders, but instead has members who act as guarantors

• their owners are not personally liable for the firm's debts.