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Essay

Finance

Essay specific features

 

Issue:

Business

 

Written by:

Fred P

 

Date added:

February 1, 2014

 

Level:

 

Grade:

A

 

No of pages / words:

7 / 1904

 

Was viewed:

8210 times

 

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Essay content:

A Private Company (Ltd) may be formed by two or more people, a family or a small group of shareholders could own it, where the shares of ownership are not sold to the public. Shares basically limit the company, and this is where the liability of the members for the debts of the company is limited to how much they invest into it...
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The creditors can charge no further contribution from the shareholders to meet their claims against the business, and that there liability is limited by guarantee. Limited Companies are required to have their books and annual final accounts audited by an independent qualified accountant. The annual report contains a profit and loss account, a balance sheet, and much other information...
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