Ltd.

-mor than two, less than 50

-shares usually exist between families

+memorandum of association which governs the external relationship of the company

+article of association, detail the controlling of the internal aspects of a company

_business name

_Register office

_objective

_startup capital and who

Borrowing value of company

PLC

Known as a join stock co.

-=-shares ar openly traded in the stock exchange, priv +=+

Formation of a plc:

-plc after co name

+priv co. ltd.

Certificate of incorp, -=- trade start, need trade certificate

2 to plc, limitless

Adv:

Easy $ for xpansion

Lmt liability

Econo of scale

Dis adv:

Obj -=- share holders