A private company can have how many shareholders?Minimum of 1, maximum of 201Minimum of 1, maximum of 502Minimum of 1, no maximum3Minimum of 2, maximum of 20
Question
A private company can have how many shareholders?
- Minimum of 1, maximum of 201
- Minimum of 1, maximum of 502
- Minimum of 1, no maximum
- Minimum of 2, maximum of 20
Solution
In most jurisdictions, a private company can have a minimum of 1 shareholder. However, the maximum number of shareholders can vary based on local laws.
- Common Maximums:
- Some places allow a maximum of 50 shareholders for private companies.
- Other jurisdictions may set higher or lower limits.
In your options, the most common maximum limit for a private company is:
- Minimum of 1, maximum of 50: This option is commonly correct in many jurisdictions.
However, laws can vary significantly by country or region, so the exact number may depend on specific local regulations. Always refer to the relevant company law in your jurisdiction for precise details.
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