Public and private limited liability companies

Private Limited Companies are owned by

• Sole Traders

• Partners

• Shareholders

• The Government

Sole Traders have

• Unlimited Liability

• Limited Liability

Private Limited Companies have

• Limited Liability

• Unlimited Liability

Who makes main decisions in Public Limited Liability companies? (PLC)

• All the shareholders

• Board of directors

• Public

• Nobody

True or False? PLCs can't earn money by selling shares

• True

• False

Which abbreviation stands for Private Limited Liability Company?

• LTD

• PLC

• MP3

• DVD

In LTDs (Private limited liability), there is a maximum of 50 owners. 

• True

• False

Both LTDs and PLCs are unincorporated businesses:

• True

• False

The amount of money that a company pays to people who own the shares of the company

• Sharing

• Percent

• Divident

• Royalty

Partnerships have

• Limited Liability

• Unlimited Liability