TWM Business Law Website - Solicitors in Guildford, Reigate, Cranleigh, Wimbledon and throughout Surrey

Use this website to answer your business legal questions, problems and issues in Guildford, Reigate, Cranleigh, Wimbledon and throughout Surrey. Legal services include corporate, commercial, tax and taxation, share sales and purchases, business sales and purchases, mergers and acquisitions and all aspects of contract law in Guildford. Legal services include corporate, commercial, tax and taxation, share sales and purchases, business sales and purchases, mergers and acquisitions and all aspects of contract law in Reigate. Legal services include corporate, commercial, tax and taxation, share sales and purchases, business sales and purchases, mergers and acquisitions and all aspects of contract law in Haslemere. Legal services include corporate, commercial, tax and taxation, share sales and purchases, business sales and purchases, mergers and acquisitions and all aspects of contract law in Haselmere. 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Business and Tax Law Solicitors in Guildford. Business and Tax Law Solicitors in Reigate. Business and Tax Law Solicitors in Cranleigh. Business and Tax Law Solicitors in Wimbledon. Public Company - TWM Business Law Website - Solicitors

Public Company
As with a private company, the liability of the members of a public company is limited by the memorandum to the amount, if any, unpaid on the shares respectively held by them.

A public company has a major advantage over a private company, in that it can offer its shares or debentures to the public, which a private company is prohibited from doing.

Because of this the public limited company is subject to a number of restrictions which do not apply to private companies.

The legal requirements include those that apply to a private company but the following issues will also need to be addressed:
  • Certificate of trading
  • Minimum capital requirement
  • Greater financial disclosure
  • Only 7 months to file accounts
  • No financial assistance
  • Requirements for company secretary