WAEC - Commerce (2023 - No. 26)
A similarity of private and public company is that they
sell shares on the stock exchange
have equal number of members
receive certificate of incorporation
are required to publish their final accounts
Giải thích
They both raise capital through the sales of share, they both require more than one person to start, they are controlled by a board of directors and they have separate legal status.
A certificate of incorporation is a legal document issued by the government or relevant authority that confirms the formation and registration of a company as a legal entity. Both private and public companies go through the process of obtaining a certificate of incorporation, which grants them the status of a legally recognized business entity.
A certificate of incorporation is a legal document issued by the government or relevant authority that confirms the formation and registration of a company as a legal entity. Both private and public companies go through the process of obtaining a certificate of incorporation, which grants them the status of a legally recognized business entity.