Meet Sam. He is the owner of a retail chain that has started to grow rapidly. To take advantage of the growth however, he needs more money to support the business. He is also getting more concerned about liabilities in case something goes wrong without his personal fault in such a large business. Considering his case, Tom, a very learned friend, and advisor of Sam advised him to convert his business into a corporation. A corporation is a business organization that is distinct from its owners.
The advantages and disadvantages of a public limited company
The advantages and disadvantages of a public limited company | Mazuma
Read this article to learn about the meaning, features, advantages and limitations of public corporation. A public corporation is that form of public enterprise which is created as an autonomous unit, by a special Act of the Parliament or the State Legislature. The Statute defines the objectives, powers and functions of the public corporation. A public corporation is created by a special Act of the Parliament or the State Legislature. The Act defines its powers, objectives, functions and relations with the ministry and the Parliament or State Legislature.
What Are the Advantages and Disadvantages of a Partnership?
Becoming a public limited company or PLC is the natural next step for many businesses, as it offers a lot of benefits over the more popular private limited company model. However, there's a lot to consider before making the move. If you're thinking about becoming a public limited company, read on to check you're making the right decision for your business needs. A public limited company is a type of large business that has offered shares to the general public and has limited liability.
Privatization is a process in which the private sector is involved in the ownership and management of the public sector or transfer of ownership and management in the private sector and economic democracy is been established by reducing government control in economic activities. Privatization benefits society in several ways. The fact that privatization and an important strategy of economic rejuvenation of even the Communist Nations is a testimony to the economic role of privatization.