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Additional Details
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or
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I am looking for a new hell to work ...


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Additional Details
That's what the Japanese ...


 Do any of you guys know which websites that pay you to take surveys are auctually telling the truth?
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johnny
What is meant by: a public company is limited by shares?
also, wat is meant by : a company's alloted share capital?

its for company law purpose.. plz explain in simple terms if possible.. thnx.

also any useful websites where the technical terms are explained n made clear? any tips?

thnx.

ps: for uk purposes
                     
 




♣Kermit the Frog♣
times100
bized.ac

Type both into Google

Both will really help you!


Thomas K
Rating
Ask a barrister to explain it to you. You need to do more reading about corporate funding.


OakLey46
Requirements

When forming (or creating) a PLC there must be:

* at least £50,000-worth (Republic of Ireland: €38,092.14) of share capital of which at least 25% must have been paid for.
* two shareholders
* two directors, one of whom may also be the company secretary
* a certificate of entitlement (the trading certificate) to do business and borrow capital

While it is not compulsory for a PLC to "float" its shares (some PLCs retain ownership of all their shares, maintaining the PLC designation for the extra financial status), many do so, and their shares are usually traded on either the London Stock Exchange or the Alternative Investments Market (AIM). Irish public limited companies usually trade on the Irish Stock Exchange, though many also list on the LSE, or more rarely, the AIM.


Mark B
Rating
A public company is a company listed on recognised stock exchange. In the UK this is the London Stock Exchange.

Essentially it means members of the public can buy shares in the company.

A company limited by shares means that on the winding up of the company, the amount that must be paid by the shareholders to settle any outstanding debts is the amount of unpaid shares that they own. i.e if they have been allotted two shares but have only paid for one, the maximum they must pay is the value of the second share.

Allotted share capital is the full number of shares that make the company up. In theory it is the maximum shares that can be bought in the the company, ignoring share issues. Issued shares are shares that people have signed up for and paid, this is always going to be less than the allotted share capital.

Check out Companies House and the London Stock Exchange.


Luke Warnes
Rating
Firstly the best place to look is Companies House, the link is below.

A company has an authorised share capital (the maximum number of shares it can issue) and an issued share capital (the number of shares it has issued). Both authorised and issued shares can be increased by Resolution. In simple terms if 5 shares are issued and you hold 2 of them you have a 2/5ths interest in the company.

No company can own its own shares - that's illegal.

A public limited company is a company which *can* offer its shares for sale to the public - a private company cannot do that. However, there are many PLCs who do not offer their shares for sale to the public.

There is a complete list of the differences between private and limited companies on the site below - but those answers are definative.


daddy-o
Rating
a public company is one that has essentially sold itself to the public.

for example, let's say i decide to take daddy-o company public, i'll first incoroprate the company, which gives all share owners (just me so far) limited liability, which means the company is it's own person, so if it goes under, it's gone, but now, i don't lose my personal assests if the company fails...now you come along, and you decide you want to buy some of my company, i decide to take it public, and it is listed on a stock exchange, and i've sold my shares...you can buy, as can anyone else....share price is determined by what the company is worth, compared to how many shares are issues....


Phil McCracken
There are several types of company

"private company" - one owner, owner is responsible for company's liabilities (ie if the company owes money, the owner is responsible)

"private limited company" - 2 or more shareholders, liabilities are limited, ie if the company owes money, only company assets are at risk, not the shareholders personal wealth.

"public limited company" (PLC) - the shares in the company are freely available to buy and sell on the open market.


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