Sam registered a private company, Galaxy Sdn. Bhd. in 2015 to manufacture and export i-phones. In February 2018, he decided to expand his business and open factories in Johor and Selangor to increase the production and meet the increasing demand. Unfortunately, he has difficulty in finding capital as the cost of doing business has escalated. On the advice of his friend, Sam decided to offer his company shares to the public.

Based on the above facts:

(i) Compare and contrast a limited and an unlimited company.[5 marks]

(ii) Define the meaning of 'private company'.[2 marks]

(iii) Elaborate FIVE(5) differences between a public and private company.[10 marks]

(iv) State THREE(3) advantages of a public company.[3 marks]