Company Fundamentals Discussion Questions

Company Fundamentals Discussion Questions
Company Fundamentals Discussion Questions
Basic questions 9
1 What is a company? 9
2 What are the different types of company? 10
3 What are the differences between public companies
and private companies? 10
4 Are there any more differences between public companies
and private companies? 11
5 What are the minimum and maximum possible amounts for
a company’s share capital? 11
6 Can a company start trading (or operating) as soon as it
has been registered? 11
7 What exactly is meant when it is said that a company
has a separate legal personality? 12
8 Exactly what does limited liability mean? 12
9 Would you please give me some figures to show the
expansion in the number of registered companies? 12
10 What are the alternatives to a company? 13
Registration of companies 13
11 How is a company registered? 13
12 Is there a quick, cheap and easy way of getting
my own company? 14
13 Is it possible to change a company’s form of registration? 14
14 Can a company registered in England and Wales change
its place of registration to Scotland? 14
Companies limited by shares 15
Company Fundamentals Discussion Questions
15 What are the essential features of a company limited by shares? 15
Unlimited companies 15
16 What are the essential features of an unlimited company? 15
17 What sort of organisation might suit being an unlimited company? 16
18 Why would anyone in their right mind agree to be
a member of an unlimited company? 16
Companies limited by guarantee 16
19 What are the essential features of a company
limited by guarantee? 16
20 Are there minimum or maximum amounts for the
guarantees in a company limited by guarantee? 17
21 What sort of organisation might suit being a company
limited by guarantee? 17
Community interest companies 17
22 What is a community interest company? 17
23 Please tell me more about community interest companies? 17
24 What sort of companies might be community
interest companies?
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