a limited company is a company
a. limited by share
b. limited by gaurantee
c. either a or b
d. none of these
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Explanation:
limited company is a type of business structure A company is considered a legally distinct body
types of limited company
Private Limited companies and public limited companies
Private Limited companies
Private Limited companies cannot offer shares to the general public in the UK this is one of the most common setup for small business
public limited companies
public limited companies can raise capital by offering shares to general public shares are traded on stock exchange and PLC must have issued shares to value of at least €50;000 before it can treat this structure is more common for large IMO established business
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