Question

Explain classification of companies​

Answer 1

Answer:

Primary Classification

Companies are primarily classified into private and public. Private companies or private limited companies are those companies that are closely-held and have less than 200 shareholders. Public companies are limited companies that have more than 200 shareholders and are listed on a stock exchange.

Answer 2

companies are to be classified on the of incorporation,that liability of members,owner ship and control and transferability of shares