1. Public and Private companies both can issue shares according to the Law?
2. Public companies can issue shares in the stock market for public to buy and sell them?
3. Private companies can issue shares to the other people like investors but not in the stock exchange for general public?
4. Limited Liability Companies (LLC) can be either Public company or Private company?
5. Public companies can issue shares to the general public because only they are registered in the stock exchange (and not private companies because they are not registered in stock exchange)?
6. To issue shares to the general public the business must register in the stock exchange and must be a Limited liability company only?
7. Sole Trader is a sort of business where it is run by the owner but it cannot issue shares to the public?
Could u pls correct me if i am wrong and sorry for a lengthy question :)
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Public and Private companies
3y ago#1Your first 6 comments are correct although they are not really relevant for Paper FA because the accounting for them is the same. It is Paper LW (the law paper) where they are relevant.
As far as your 7th comment is concerned. a sole trader is owned by the owner and does not have any shares (as is explained in full in my free lectures for Paper FA).
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