BUISENESS MANAGEMENT
LEGAL ISSUES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Private company with limited liability by reference to shares
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plc
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unlimited company
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DAC
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Detailed explanation-1: -A Public Limited Company (PLC): The liability of members is limited to the amount, if any, unpaid on shares held by them.
Detailed explanation-2: -A private Limited Company is a Company where its shareholders liability is limited to the number of shares that they own, i.e. Its Shareholders are limited to its Creditors to the amount of shares they own in the company. A Private Limited Company cannot be traded on the stock exchange.
Detailed explanation-3: -A Private company limited by shares, as a legally distinct entity, has its own property, profits and liabilities. The company’s assets and also its liabilities therefore belong to the company, not to its shareholders.
Detailed explanation-4: -A limited liability company in Ireland may also be referred to as a private limited company, a limited liability company or simply a limited company. Under the Companies Act 2014, LTD companies are not restricted in the activities that they can carry out and can carry out any activities once legal.