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Flashcards in Public Limited Companies Deck (5)
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What is a Public Limited Company?

An incorporated business that sells on the stock exchange


What liability do Public Limited Companies have?

Limited due to different shareholders


What taxes do Public Limited Companies pay?

Corporation tax


What are the advantages of owning a Public Limited Company?

Easier to get large share capital
Very developed


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