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Flashcards in Private Limited Companies Deck (5)
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1

What is a Private Limited Company?

An incorporated business owned by shareholders that are usually family and friends. They are not traded on the stock exchange

2

What tax do Private Limited Corporations pay?

Corporation

3

What liability do Private Limited Companies have?

Limited

4

Who owns a Private Limited Company?

The business is an entity itself so if something goes wrong the business is told not a specific person

5

What are the advantages of owning a Private Limited Company

Low risk as you can't lose possessions
More knowledge due to multiple share holders
More shareholder investment so raises more capital