The difference between a private are public limited liability company is that the former

Commerce

JAMB 2015

A. Is unable to declare and pay dividend.
B. Has a higher number of share holder
C. Is unable to offer shares to the public.
D. pays higher salaries to its member

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Correct Answer: Option C

Explanation

Private limited liability company do not issue shares to the public while public limited liabilities company does allow members of the public to subscribe to its shares.

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The difference between a private are public limited liability company is that the former

Correct Answer: Option C

Explanation

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