Limited company is a company which was established with the capital divided into shares with par value equally different shareholders limited liability only up to the amount of money that they have not used the value of their shares. " This type of undertaking, jointly with the stability and reliability of the categories.Characteristics of a limited company1. because the nature of the company is divided into shares of capital. The buyer of the company referred to as "shareholders" will have as the owner of shares is not the owner, but is entitled to receive remuneration from the company is a "dividend". 2. the establishment of a limited liability company Procedure is as follows:At least seven people people 1.1 combined establishment called "the Board of founders."1.2 make a memorandum of Association in which there are various details about the company. 1.3 must be limited to the company's Auditors.1.4 must be headquartered within the Kingdom.3. the amount of funds that must be used. The company's share capital will be limited due to the equity release. The capital of the company can be divided as follows:3.1 Authorized Capital is the amount of capital that has been specified in the memorandum of Association.Paid-up Capital 3.2 is the amount that shareholders paid for shares in the company, as the company has settled claims to shares of the company, Ltd. Is divided into 2 types.1. Common Stock is stock that have money to book. At the start, since the book stock Shareholders entitled to vote at the meeting. Entitled to receive dividends and return on investment when the company quit operations.2. the Preferred Stock is a stock that has privileges by ordinary dividends and have the right return on investment before common stock, but does not have the right to vote in the meeting.4. return on investment that shareholders will receive a share of the profit from is called a dividend or any other benefits. Typically, the company's profits will not be divided into all the dividends. One part will apply to companies retained by purpose, such as to extend the factory to buy new machines to loss Reserves, called in the future.5. There will be a management control framework based on distributed tasks, duties and responsibilities as a system and have the correct steps. It must be checked by the company's account once a year by examining the balance sheet and profit and loss accounts filed the Registrar company.6. the assessment of operations to see the financial statements are the balance sheet and profit and loss statements of the company.7. business expansion The company could expand by registration of the capital increase, or a loan from a bank or other financial institution.8. the liquidation because of the following causes. ..1. If, in the establishment of the company to one of the parties is made specifically. When finished, and then we want parties;2. If the company determines the duration of the operation. When due, the company will need a period of time;3. when a special resolution passed by shareholders, liquidation of the company.4. when the company has not started or stopped 1 year full time.5. when the shareholders of the company, the rest is not reduced until it reaches 7 people.6. when the company bankruptcy.
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