← 2.2 Types of Business Ownership
The private limited company
Business Studies · Grade 10 · about 40 minutes
A private company has limited liability and cannot invite the public to buy shares - the usual form for a family hardware that wants to protect the home.
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- 7 sections of explanation, worked examples and diagrams
- 1 practice task with hints and worked answers
- A quiz that marks itself as you go
- Your progress kept across every subject you take
Other lessons in this sub-strand
- Sole proprietorship and partnership
- Cooperative societies, and choosing a form of ownership
- Unlimited and limited liability
- What a sole proprietorship is
- Forming and running a sole proprietorship
- Financing a sole proprietorship
- Sole proprietorship: advantages and disadvantages
- What a partnership is
- The partnership deed
- Types of partners
- Partnership: advantages and disadvantages
- What a company is
- The private limited company
- The public limited company
- Public versus private companies
- Cooperative principles in practice
- Types of cooperatives in Kenya
- Matching ownership to the business