Chapter 4
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Last updated almost 2 years ago
1 Asɛmmisa
1
A01 - key term vocab
| Draggable item | arrow_right_alt | Corresponding Item |
|---|---|---|
Memorandum of Association | arrow_right_alt | Business owner is only liable for the original amount of money invested in the business; shareholders are legally responsible for debts |
Multinational company | arrow_right_alt | A limited company is owned by a few private shareholders friends or family limited by shares with separate legal entity via incorporation company’s house. |
Shareholder | arrow_right_alt | A public company is owned by many, shares are sold publicly on the stock exchange only if it has a minimum 50K share capital. |
Registrar of companies | arrow_right_alt | Owners of limited companies |
Public limited company | arrow_right_alt | Share of the profit paid to shareholders in a company |
Limited liability | arrow_right_alt | Meeting between shareholders and directors to discuss company report, performance & goals |
AGM annual general meeting | arrow_right_alt | Deals with the registration and setting up of the new business |
Private limited company | arrow_right_alt | This sets out the constitution and gives details about the company |
Certificate of incorporation | arrow_right_alt | This seals with the internal running of the company |
Dividend | arrow_right_alt | Document needed before a new company can start doing business |
Articles of Association | arrow_right_alt | A large business with significant production or service operations in two different countries |