Knowee
Questions
Features
Study Tools

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
🧐 Not the exact question you are looking for?Go ask a question

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.

This problem has been solved

Similar Questions

A partnership can have how many partners?Minimum of 2, maximum of 201Minimum of 1, maximum of 502Minimum of 1, maximum of 203Minimum of 2, maximum of 50

The maximum number of shares a corporation is allowed to sell in accordance with its corporate charter are called shares

Board of DirectorsWhat is the minimum number of directors for a private limited company, as mandated by law?1234

How many owners are found in a sole proprietorship?Multiple Choiceone ownertwo or more ownersany number of shareholdersup to 100 shareholders

A director must own at least one (1) share of the capital stock.Group of answer choicesTrueFalse

1/1

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.