A. two to twenty persons
B. minimum of two and maximum of fifty
C. minimum of seven and no maximum number
D. owner owned by the government
Correct Answer:
Option C – minimum of seven and no maximum number
Explanation
In order for a company to be public, it should have a minimum of 7 members (maximum unlimited). Limited liability: The liability of a public company is limited. No shareholder is individually liable for the payment.
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