Business Units - PART 2
In Part 2 of Business Units, we continue with an in-depth look at companies. This video defines a company, lists and explains the types of companies, and highlights the similarities and differences between them. It thoroughly explains the formation of a Limited Liability Company, with special focus on the Private Limited Liability Company — its key features, advantages, disadvantages, and sources of finance.
OBJECTIVES
i. Define a company
ii. List and explain the types of companies
iii. State the similarities and differences between the two types of companies
iv. Explain the formation of a limited liability company
v. State the features of a Private Limited Liability Company
vi. List the advantages and disadvantages of a Private Limited Liability Company
vii. State the sources of finance for a Private Limited Liability Company
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