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Structure and control of business

Private limited company's Hugget p24

AB
Directorspeople who have been elected to the board of a company by the shareholders to make decisions about it's management and policies.
DividendsAnnual payments made to made to shareholders for each share they hold in a company.
Limited company'sLimiting financial liability of shareholders to the money they have invested.
LiquidationThe closing or 'winding up' of a company, which may be either voluntary or compulsory, and involves selling the assets of a firm to pay off its debts.
Nominal capitalThe amount of money which a company, can raise from its shareholders. It also known as authorized capital.
Private limited companyA firm whose financial liabilities are limited to the amount of money put up by shareholders. to conform with european union law, one person alone can now form a private limited company . Its shares cannot be sold to the public.
ShareholdersPersons who have bought shares in a company which gives them a share in the ownership of the company and a share of any profits.
LTDPrivate Limtied Company


nichola hardy

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