| Limited Company, what is it? | A business owned by the Shareholders, who have shares invested in the Company. Directors run the business. The Company also has a separate legal identity. |
| Who essential controls the Company? | Shareholders elect the Directors, who overview the Managers. |
| Evaluate a Public Limited Company | -Must have PLC after the Name
-Is on the Stock Exchange
-50,000 pounds minimum Capital
-Shareholders can sell their shares anytime and whoever
-Minimum of Shareholders is 7
-Usually massive companies |
| Evaluate a Private Limited Company | -Must have LTD after the Name
-Restrictions can be on the Sale of Shares
-Not on the Stock Exchange
-Not allowed to advertise its Shares
-Minimum number of Shareholders is 2
-Usually are smaller companies |
| Describe the process of Forming a Company | -First register via the Registrar of Companies at Companies House
-Make a Memorandum of Association
-Make a Articles of Association
-Get given a Certificate of Incorporation from the Companies Registrar
-Company can begin trading |
| What does the Memorandum of Association include? | -Name of Company
-Location of registered office
-Company Objectives
-Amount of Capital a Company has, and the amount of Shares |
| What does the Articles of Association include? | -Name of Directors
-Rights and jobs of the Directors
-Rights of Shareholders
-Types of Shares
-How profits are shared
-How electing the Director works |
