Which of the following requires a certificate of trading to start business

Commerce

WAEC 2009

A. Public corporation
B. Public limited company
C. Cooperative society
D. Private limited company

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Correct Answer: Option B

Explanation

A trading certificate is a certificate issued by the registrar of companies, (in this case, the corporate affairs commission) to a public company without which the company may not do business.

These public companies also need this certificate to source funds from external sources.

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Which of the following requires a certificate of trading to start business

Correct Answer: Option B

Explanation

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