1.4 business ownership iii |
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Task 1
Watch the video opposite and answer the following questions: A - Who owns a company? B - What liability do the owners have? C - Name the two types of company. |
Information
Companies are businesses owned by shareholders. The owners have limited liability, i.e. they can only lose up to the money they have invested in the company. A company is a separate legal entity from its owners (shareholders). There are two type of company, a Private Limited Company (LTD.) and a Pubic Limited Company (PLC.).
Companies are businesses owned by shareholders. The owners have limited liability, i.e. they can only lose up to the money they have invested in the company. A company is a separate legal entity from its owners (shareholders). There are two type of company, a Private Limited Company (LTD.) and a Pubic Limited Company (PLC.).
Task 2
From the information given in task 1, can you identify if each or the following is a LTD or PLC?
From the information given in task 1, can you identify if each or the following is a LTD or PLC?
Key terms
Private Limited Companies (LTDs.) are owned by at least one shareholder. Shareholders are invited to buy shares and must ask permission to sell shares.
Public Limited Companies (PLCs.) are also owned by shareholders, however the shares can be bought and sold on the London Stock Exchange with no need to ask permission.
Private Limited Companies (LTDs.) are owned by at least one shareholder. Shareholders are invited to buy shares and must ask permission to sell shares.
Public Limited Companies (PLCs.) are also owned by shareholders, however the shares can be bought and sold on the London Stock Exchange with no need to ask permission.
Information
Plenary task
Recap the topic of entrepreneurs. What have you learned since it was first introduced? Has this changed your mind about what you want to do in the future? |
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Task 2 answers - Just Eat and BP are PLC, John Lewis, JVB & Wilko are Ltd.