JAMB - Economics (2018 - No. 74)
Which of the following business organization is allowed to raise capital by sales of shares to more than twenty people?
Partnership
Sole proprietorship
Public limited liability company
Private limited liability company
Uitleg
Public Limited Liability Company is defined as one which allows the public to subscribe for its shares. The number of shareholder range from seven to infinity i.e owners must be at least seven but there is no maximum number