Logged out
Access All our Essays in an Instant
Swap your work for FREE access, or pay £4.99 for instant access
A private limited company (LTD) is a business that is unable to float its shares on the stock exchange, however it may issue its shares to friends, family and employees.
Member rating:
(2 votes)
| Words:
| Submitted: Thu Aug 21 2003
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:
Definition A private limited company (LTD) is a business that is unable to float its shares on the stock exchange, however it may issue its shares to friends, family and employees. This type of company can be registered by having a LTD at the end of their chosen name. How to set it up Unlike the sole trader and partnership business previously mentioned, the legal position of the company is completely unaffected by the death or retirement of one of its shareholders. Shareholders enjoy the privilege of limited liability, which means they are only liable to meet the debts of the company only to the extent that thy have invested into the business. The shareholders elect directors at the companies AGM (Annual General Meeting), who controls the company. Policies are decided by the board of directors, and are carried out by delegation. Shares must be owned by friends, families and employees of...
To see the full version of this document, and 145,348 others
