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Add to cartWhat is a private limited company?
A private limited company is a business entity that has one or more partners, separate legal existence, perpetual existence, limited liability, and non-transferable shares.
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What is a public limited company?
A public limited company is a business entity that has two or more partners, separate legal existence, perpetual existence, limited liability, transferable shares, and generally a greater number of shareholders.
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What are the advantages of a private limited company?
The advantages of a private limited company include limited liability for shareholders, the ability to raise money by selling shares to family and friends, continuity of the business even if a shareholder dies, and relatively private financial records.
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What are the disadvantages of a private limited company?
The disadvantages of a private limited company include the need to share profits among all shareholders, inability to sell shares to the public, higher startup costs compared to a partnership, and some loss of control as shareholders have voting rights.
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What is the minimum owners capital required for a private limited company?
The minimum owners capital required for a private limited company is €35,000.00, with at least half of it due at the establishment.
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How is the owners capital split in a private limited company?
The owners capital in a private limited company is split among the shareholders according to their contribution.
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What is the minimum owners capital required for a public limited company?
The minimum owners capital required for a public limited company is €70,000.00, with at least half of it due at the establishment.
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How is the owners capital split in a public limited company?
The owners capital in a public limited company is split into equal shares among the shareholders.
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Create quizIn this set of questions and answers, we will explore the key aspects of private limited companies and public limited companies. We will discuss their structure, ownership, capital, decision-making processes, risk, profit distribution, and company registration requirements.
32 questions
English
07-12-2023
Secondary Education / International High School / Finance