Which of the following requires a certificate of trading to start business
COMMERCE
WAEC 2009
Which of the following requires a certificate of trading to start business
- A. Public corporation
- B. Public limited company
- C. Cooperative society
- D. Private limited company
Correct Answer: B. Public limited company
Explanation
A trading certificate is a certificate issued by the registrar of companies, (in this case, the corporate affairs commission) to a public company without which the company may not do business. These public companies also need this certificate to source funds from external sources.
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