A-Level Business Practice Questions - A-Level Business (AQA 7132 Edexcel 9BS0 OCR H431) Exam

A private limited company (Ltd) differs from a public limited company (plc) mainly because an Ltd:

Has unlimited liability for its shareholders Cannot sell shares to the general public on a stock exchange Pays no corporation tax Must always be larger than a plc

Correct Answer:

Cannot sell shares to the general public on a stock exchange

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