Business Studies · Corporate Ownership Structure
Which of the following statements regarding limited companies is correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Shareholders are personally liable for all debts the company may incur.
- 2Companies are always owned by hundreds of different individual investors.
- 3Both public and private limited companies are allowed to sell shares directly to the general public.
- 4Public limited companies have access to a wider pool of finance than partnerships or sole traders.✓
Correct answer
Public limited companies have access to a wider pool of finance than partnerships or sole traders.
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