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JAMB - Commerce (2015 - No. 37)

The difference between a private are public limited liability company is that the former
Is unable to declare and pay dividend.
Has a higher number of share holder
Is unable to offer shares to the public.
pays higher salaries to its member

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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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