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Questions and Answers
What is the cost to set up a private limited company?
What is the cost to set up a private limited company?
- £10,000
- £100
- £1 (correct)
- £1000
Who can shares be sold to in a private limited company?
Who can shares be sold to in a private limited company?
- Business competitors
- Foreign investors
- Family and friends (correct)
- General public
What is a key advantage of private limited companies?
What is a key advantage of private limited companies?
- Limited liability (correct)
- Complex ownership structure
- Higher tax rates
- Unlimited liability
Where are the details of all companies kept?
Where are the details of all companies kept?
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What allows a company to begin trading?
What allows a company to begin trading?
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What is a disadvantage of a private limited company?
What is a disadvantage of a private limited company?
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What is a disadvantage of a public limited company?
What is a disadvantage of a public limited company?
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What is an advantage of a private limited company?
What is an advantage of a private limited company?
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What is a feature of a public limited company?
What is a feature of a public limited company?
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What is a disadvantage of both private and public limited companies?
What is a disadvantage of both private and public limited companies?
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