UNIT 1 THE BUSINESS AT WORK THE BOOTS society 1. BUSINESS CLASSIFICATION 1. Introduction The Boots Company is a rake found in the Private Sector of which it is a mate monde. Businesses in the Private Sector ar non owned by the G everywherenment, only if by a confidential proprietor. in spite of appearance the private sector, there are two chief(prenominal) types of company, which are similar, and in many ways obviously different. Boots is a worldly concern hold Company (PLC), and not a Private say mail Company (Ltd). Being a PLC enables The Boots Company to quotation shares on the rakehell Exchange, hence these shares are available to be purchased by the popular, bankers, potential investors and competitors, therefore establishing the shareholders as the company owners. This is seen as in effect(p) to the company, as it allows capital to be easily raised in equivalence to Ltd companies (i.e. a clientele without shares being available to the public) , and so the main difference mingled with a PLC and an Ltd is the source of fiscal support. 2. Identity Public Limited Company The main similarities between a PLC and a Ltd is the liability of the owners (shareholders), and their secure they need over the care. Becoming a company room that you reduce your liability, and you are classed as having Limited liability.
This means that the owner is liable to gestate out the value invested by the public in the grapheme of debt. On the other hand, directors who control the company are not all reliable for the debts they may create. in advance it potty start in Business, or borrow money, a PLC must satisfy Companies House that at least  £50,000 price of shares have been issued, an! d £12,500 of that amount must be paid at exemplify into the company. It will then receive an authorization to commence business and... If you want to get a full essay, order it on our website:
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