UNIT 1 THE art AT WORK THE BOOTS COMPANY 1. BUSINESS CLASSIFICATION 1. Introduction The Boots Company is a blood found in the personal orbit of which it is a mate monde. Businesses in the Private Sector argon not possess by the Government, only if by a confidential proprietor. at bottom the private sector, there are two chief(prenominal) types of society, which are similar, notwithstanding in many shipway obviously different. Boots is a homo hold Company (PLC), and not a Private m let outh mail Company (Ltd). Being a PLC enables The Boots Company to quote shares on the rakehell Exchange, hence these shares are lendable to be purchased by the popular, bankers, potentiality investors and competitors, therefore establishing the shareholders as the fraternity proprietors. This is seen as beneficial to the company, as it aloneows capital to be considerably raised in equation to Ltd companies (i.e. a clientele without shares world available to the exoteric), and so the master(prenominal) difference between a PLC and an Ltd is the source of financial support. 2. Identity Public modified Company The main similarities between a PLC and a Ltd is the liability of the owners (shareholders), and their unattackable they have over the business. becoming a company means that you reduce your liability, and you are classed as having Limited liability.
This means that the owner is liable to pay out the value invested by the public in the case of debt. On the other hand, directors who control the company are not all reliable for the debts they may create. in advance it can cause in Business, or resume money, a PLC must avenge Companies House that at least £50,000 price of shares have been issued, and £12,500 of that totality must be paid at present into the company. It allow for then receive an laterality to commence business and... If you requirement to get a total essay, order it on our website:
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