There is no limit to the number of people who may become members of the company. The

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There is no limit to the number of people who may become members of the company. The capital of a company is divided up into what are called shares, which may be of any amount decided by the members, e.g. SOp, £1, £5. Someone becomes a member or shareholder by purchasing one or more shares in the company. Therefore a company can fmd it easier to raise capital than a sole trader or partnership, as it need only issue more shares. LO.1

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Mastering Accounting

ISBN: 9780333511978

1st Edition

Authors: George Bright, Michael Herbert

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