Types of companies
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Please help, if you can in translation work of these types of companies
Public Limited Liability Company or PLC
(also Inc in US_en)
- Publicly tradeable shares
- The owners are _not_ liable for legal actions and debts the company may face
- Managed by a CEO elected by a Board of Directors (Board) which in turn is elected by the share holders in scheduled meetings.
- Extra share holder meetings can usually be called up if enough share holders deem it necessary for some reason
- Usually listed in one or many w:Stock exchanges
- Rules of stock exchanges define some minimums to capital, cash flow and market value for PLCs to be viable for trading
Limited Liability Company or LLC
(also LTD in UK_en and Inc in US-en)
- Non-publicly tradeable shares
- The owners are _not_ liable for legal actions and debts the company may face
- Managed by a CEO elected by a Board of Directors (Board) which in turn is elected by the share holders in scheduled meetings.
- Extra share holder meetings can usually be called up if enough share holders deem it necessary for some reason
Genral Partnership
- Formed by two or more persons
- The owners are all liable for legal actions and debts the company may face _personally_
Limited Partnership
- Like a General Partnership exept for the fact that there is/are so called silent partners who just invest capital into the business and are not liable for legal actions and debts the company may face
Sole Trader
- A sole trader is liable for legal actions and debts personally
I think these last ones are not so commonplace
Co-operative
There are two kinds of Co-operatives,
- those owned collectively by the customers
- those owned and managed collectively by the Workforce and they are all noobs and i rule
==Limited Liability Partnership== (In UK at least, very new)
- You'll have to see the UK law books about this one