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[edit | edit source]

    (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[edit | edit source]

    (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[edit | edit source]

    • Formed by two or more persons
    • The owners are all liable for legal actions and debts the company may face _personally_

    Limited Partnership[edit | edit source]

    • 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[edit | edit source]

    • A sole trader is liable for legal actions and debts personally

    I think these last ones are not so commonplace

    Co-operative[edit | edit source]

    There are two kinds of Co-operatives,

    1. those owned collectively by the customers
    2. those owned and managed collectively by the Workforce

    ==Limited Liability Partnership== (In UK at least, very new)

    • You'll have to see the UK law books about this one