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SS1: COMMERCE - 3RD TERM

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  1. Associations and Enterprises | Week 1
    3 Topics
  2. Co-operative Societies I | Week 2
    3 Topics
  3. Co-operative Societies II | Week 3
    3 Topics
    |
    2 Quizzes
  4. Public Enterprises | Week 4
    5 Topics
    |
    1 Quiz
  5. Limited Liability Companies | Week 5
    4 Topics
  6. Formation of Limited Liability Companies | Week 6
    1 Topic
  7. Limited Liability Companies III | Week 7
    3 Topics
    |
    3 Quizzes
  8. Trade Associations and Other Enterprises | Week 8
    1 Topic
  9. Chamber of Commerce | Week 9
    1 Topic
  10. Other Forms of Trade Association | Week 10
    1 Topic
    |
    1 Quiz



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Lesson 5, Topic 4
In Progress

Differences between Private and Public Limited Liability

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Below are the Differences between Private and Public Limited Liability;

Private Limited Company:Public Limited Company:
1.Shares are not easily
transferable, except with the
consent of their members.
Shares are easily transferable.
2.Its shares are not quoted on
the stock exchange.
Shares are quoted on the
stock exchange.
3.It has a minimum number of
two people as shareholders.
It has a minimum number
of seven shareholders.
4.It has a maximum number
of 50 owners.
It has no maximum number
of people as owners.
5.It does not issue debentures.It issues debentures.
6.They are not allowed to
use “plc” but “Ltd” or “Unltd”
They are allowed to use the
abbreviation “plc”
– public liability company.
7.They do not need a certificate
of trading to commence business.
They need a certificate of
trading before they can
commence business.
8.The public is not allowed to
subscribe to its shares.
The public is allowed
to subscribe to its shares.
9.It enjoys some level of privacy
as it does not publicize its annual accounts.
There is no privacy as the
annual account must be published.

Evaluation Questions:

1. Explain briefly Limited Liability Companies.
2. With no less than three (3) points differentiate Private Limited Liability Companies from Public Limited Liability Companies.
3. State five advantages of public limited liability Companies.

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