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The Difference Between A Private Are Public Limited Liability Company Is That The Former? - Erudites Academy

The difference between a private are public limited liability company is that the former?

by | Dec 12 | Commerce JAMB | 0 comments

A. Is unable to declare and pay dividend.
B. Has a higher number of share holder
C. Is unable to offer shares to the public.
D. pays higher salaries to its member

Correct Answer:

Option C – Is unable to offer shares to the public.

Explanation

Private limited liability company do not issue shares to the public while public limited liabilities company does allow members of the public to subscribe to its shares.

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