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Flashcards in Public Limited Companies Deck (5)
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1

What is a Public Limited Company?

An incorporated business that sells on the stock exchange

2

What liability do Public Limited Companies have?

Limited due to different shareholders

3

What taxes do Public Limited Companies pay?

Corporation tax

4

What are the advantages of owning a Public Limited Company?

Easier to get large share capital
Very developed

5

What are the disadvantages of owning a Public Limited Company?

Expensive and hard to set up
Financial documents are all public so competition could take advantage
Constant media attention if something goes bad