A company whose shares are not easily transferable is a
COMMERCE
WAEC 2010
A company whose shares are not easily transferable is a
- A. private limited company
- B. public limited company
- C. public corporation
- D. company limited by guarantee
Correct Answer: A. private limited company
Explanation
A private limited company, or LTD, is a type of privately held small business entity, in which owner liability is limited to their shares, the firm is limited to having 50 or fewer shareholders, and shares are prohibited from being publicly traded.
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