A-Level Business Studies Practice Questions - A-Level Business Studies Exam

A private limited company (Ltd) is BEST distinguished from a public limited company (plc) by which of the following?

A Ltd has unlimited liability while a plc has limited liability A Ltd cannot sell shares to the general public on a stock exchange A Ltd has fewer legal reporting requirements than a sole trader A Ltd cannot have more than two shareholders

Correct Answer:

A Ltd cannot sell shares to the general public on a stock exchange

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