Which of the limited liability companies have a limit of fifty members and do not issues their shares to the public?

By: |Published on: Jan 8|Categories: Commerce WAEC| 0 comments

A. Private limited liability
B. Public limited liability
C. Partnership
D. Co-operative society

Correct Answer: Option A

A. Private limited liability

Explanation

A private limited liability company is a profit-making business with few shareholders and no open market for its shares. The minimum number of shareholders is two and the maximum number is fifty.

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