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
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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