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:
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—Joseph Epstein (b. 1937)
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—Sugar Rautbord, U.S. socialite fund-raiser and self-described “trash” novelist. As quoted in The Great Divide, book 2, section 7, by Studs Terkel (1988)