Question on: JAMB Commerce - 2019
Which of the limited liability companies have a limit of fifty members and do not issues their shares to the public
A
Private limited liability
B
Public limited liability
C
Partnership
D
Co-operative society
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Correct Option: A
A private limited liability company is a profit-making business with fewer shareholders the public limited liability company, and no open market for its shares. The minimum number of shareholders for a private LLC is two and the maximum number is fifty.
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