Explain the types of company.
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Based on the liability type and limit of the members/shareholders of the company; 3 types of companies are (1) companies limited by shares, (2) companies limited by guarantee, and (3) unlimited company.
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Types of Companies Based on The Mode of Incorporation
Based on the mode of incorporation of the company; 3 types of companies are (1) chartered Or royal chartered companies, (2) registered Or incorporated companies, and (3) unregistered company.
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