different types of compaines

• What type of company is a Company Limited by Guarantee?

  Charities
• What is a key feature of a Company Limited by Guarantee?

  No Stock Transfer Form
• What must be updated in a Company Limited by Guarantee?

  Register of Members
• What type of liability do Unlimited Companies have?

  Personal Liability
• What is the registration process for Unlimited Companies?

  Same as other companies, no "Ltd"
• What is a key characteristic of Unlimited Companies regarding accounts?

  No duty to provide accounts in limited circumstances
• What is a feature of Unlimited Companies?

  Separate legal personality
• Why might someone use an Unlimited Company?

  To limit personal liability risks
• What defines Dormant Companies?

  No activities
• Why do Dormant Companies keep their name?

  To maintain brand recognition
• What type of accounts do Dormant Companies have?

  Minimal accounts
• What are the characteristics of Subsidiary and Holding Companies?

  • Define: Subsidiary is controlled by a holding company
  • Profitable subsidiaries pay dividends
  • Unprofitable subsidiaries can be abandoned
  • Form complex networks
• What is a simple group example of Subsidiary and Holding Companies?

  Top Co Ltd and Sub Co Ltd
• What does Wholly Owned SubCo mean?

  All shares are held by Top Co
• What does Partially Owned SubCo mean?

  Only some shares are held by Top Co
• What is a Public Limited Company (Plc)?

  A company with legal requirements for capital
• What is the capital requirement for a Plc according to s.763 CA06?

  Minimum £50,000
• What is a trading certificate according to s.761 CA06?

  Required for a Public Limited Company
• What is the minimum paid-up capital for a Plc?

  £12,500
• What is the unpaid capital requirement for a Plc?

  £37,500
• What is the significance of the Main Market of the London Stock Exchange for a Plc?

  It is where shares are traded
• What is the minimum share value for a Plc?

  £1 share
• What does "Paid up 20p" mean for a Plc?

  Only 20p of the share value is paid
• What does "Unpaid 80p" mean for a Plc?

  80p of the share value is unpaid
• How do dividends relate to the profitability of Subsidiary Companies?

  Profitable subsidiaries pay dividends, unprofitable do not
• What is the purpose of the Register of Members in a Company Limited by Guarantee?

  To keep track of members
• What is the significance of having a separate legal personality for Unlimited Companies?

  It allows them to own assets independently
• What is the legal reference for the definition of Subsidiary and Holding Companies?

  s.1159 CA06
• What is the role of officers in a Public Limited Company?

  To manage the company's operations
• What is the minimum amount that must be paid up for a Plc?

  ¼ paid up