An advantage of a public limited company over a private one is the

Assessment: WAEC SSCE - Commerce - 2005 (Objective) Subject: Commerce

Question 1 Report

An advantage of a public limited company over a private one is the
Answer Details
The advantage of a public limited company over a private one is the limited liability of shareholders. This means that the personal assets of the shareholders are protected in case the company faces financial difficulties or is sued. Shareholders are only liable for the amount of money they have invested in the company, and not for any debts or losses incurred by the company beyond their investment. This protection makes investing in a public limited company less risky and more attractive to potential investors.
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