Private Limited Companies (limited By Shares) / (limited By Guarantee)
Private Limited Companies are one of the most common type of company. they have limited liability which refers to the shareholders’ who own the company as they have purchased the shares. They are only liable to the amount which they owe on the purchased share. These companies of often run by families because they are not able to advertise the sale of its shares to the general public and all the shareholders must agree to the sale, which can cause problems when dealing with unknown persons. There is allowed to be no-more than 50 persons in private limited companies.
Read more about this topic: Business Ownership Within England And Wales
Famous quotes containing the words private, limited and/or companies:
“The private buildings [of Virginia] are very rarely constructed of stone or brick; much the greatest proportion being of scantling and boards, plastered with lime. It is impossible to devise things more ugly, uncomfortable, and happily more perishable.”
—Thomas Jefferson (1743–1826)
“There was a time when the average reader read a novel simply for the moral he could get out of it, and however naïve that may have been, it was a good deal less naïve than some of the limited objectives he has now. Today novels are considered to be entirely concerned with the social or economic or psychological forces that they will by necessity exhibit, or with those details of daily life that are for the good novelist only means to some deeper end.”
—Flannery O’Connor (1925–1964)
“The recent attempt to secure a charter from the State of North Dakota for a lottery company, the pending effort to obtain from the State of Louisiana a renewal of the charter of the Louisiana State Lottery, and the establishment of one or more lottery companies at Mexican towns near our border, have served the good purpose of calling public attention to an evil of vast proportions.”
—Benjamin Harrison (1833–1901)