Logged out
Access All our Essays in an Instant
Swap your work for FREE access, or pay £4.99 for instant access
The Classification of Sainsburys
Member rating:
(22 votes)
| Words:
| Submitted: Thu Jul 11 2002
Page Preview
On the left is an image preview of every page of this document, and below are the first 150 words with formatting removed:
The Classification of Sainsburys Sainsburys is a plc, a public limited company and has limited liability, which is the idea that the owners (shareholders) are financially only responsible for the amount that they have invested in the company rather than their personal wealth. So if a firm becomes insolvent, the maximum the creditors can receive is the shareholders original investment. In order to both protect and inform creditors the word Ltd or Plc appears after the company name. By limiting the shareholders liability it encourages people to invest in the company, as it is possible for them to invest with little risk. Public limited companies are the only type of company to be quoted on the stock exchange. Plc's are part of the Private Sector, which is the part of the economy owned by either private individuals or the shareholders. The Public Sector is the organisations that are either owned or...
To see the full version of this document, and 145,348 others
