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Describe in detail the structure, function and internal relationships of a company or organisation
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9.1 (a) Describe in detail the structure, function and internal relationships of a company or organisation There are four main types of company in the UK. They are distinguished by their owners or members' legal liability to any debts that the company bring upon themselves: * Private company limited by shares - The members liability to any debts incurred by the company is limited to the amount unpaid on shares held by them. * Private company limited by guarantee - The members' liability to any debts incurred by the company is limited to the amount they have undertaken to contribute to the company's assets if it is wound up. * Public limited company - The members' liability is limited to the amount unpaid on shares held by them, and which must have an authorised share capital of at least £50,000 at the time of incorporation. * Private unlimited company...
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