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Differentiate between Limited liability Company and Private liability Company

      

Differentiate between Limited liability Company and Private liability Company

  

Answers


daniel
1.A private limited company is one that is owned privately by a group of private individuals.
2.A limited company is a public limited company that is owned by the general public.
3.Most of the shareholders in a private limited company will consist of very close groups of relatives or friends. On the other hand, the shareholders in a limited company are the public.
4.A private limited company cannot list its shares in the stock exchanges, but, a limited company’s shares are listed in the stock exchange and any person can buy and sell it.
5.If at all a shareholder in a private limited company wants to transfer the shares, he should have the approval of other shareholders.
6.The limited company has to follow certain stringent rules, which are not applicable for private limited company.
6.It is mandatory for public company to report its performance to the public but that is not applicable for private company
7.Public company is mainly governed by board of directors but private company may be run by one ore two managing directors.

skymucdan answered the question on October 10, 2017 at 10:57


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