Classifying Companies in India


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How many members are needed to start a public company?

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1. Which of the following structures puts liability FULLY on the owner(s)?

2. In a Public Limited Company, who is responsible for paying debts owed to creditors?

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About This Quiz & Worksheet

With this worksheet/quiz, you can assess your grasp of how to classify a business in India. You'll be answering questions on key points like how many members are needed to start a public company in India and a type of business where owners bear the full liability.

Quiz & Worksheet Goals

The quiz/worksheet will cover these areas:

  • The person who pays debts to creditors in a Public Limited Company
  • A business with a limited number of shareholders/owners
  • A business type with transferable shares

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the related lesson on classifying Indian businesses
  • Information recall - access the knowledge you've gained regarding a type of business where liability falls completely on the owners
  • Knowledge application - use your knowledge to answer questions about a business with only a certain number of owners/shareholders allowed and how many people are necessary to start a public company in India

Additional Learning

Use the lesson named Classifying Companies in India for further insight into the following study points:

  • Various options for starting a company in India
  • How a sole proprietorship functions as a business model
  • The benefits and disadvantages of starting one company as opposed to another