Which of the following business organization is... - JAMB Economics 2018 Question
Which of the following business organization is allowed to raise capital by sales of shares to more than twenty people?
A
Partnership
B
Sole proprietorship
C
Public limited liability company
D
Private limited liability company
correct option: c
Public Limited Liability Company is defined as one which allows the public to subscribe for its shares. The number of shareholder range from seven to infinity, however, owners must be at least seven.
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