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requiring finance from the public, or for a speculative venture
where a small group of people wishes to try out an idea and is
prepared to back it financially to a definite limit before floating
a public company. Although private companies are considerably
more numerous than public companies, their average capital is
much smaller.
2. The public company
When a large amount of capital is required, the first step is
usually to form a public company. This must have at least two
shareholders, an authorized minimum capital of 50,000 (a quar-
ter of which is paid up) and carry the designation ‘public limited
company’ – abbreviated to Plc – after its name. But it is the second
step, which is really important – getting its shares ‘quoted’ on the
Stock Exchange or the Alternative Investment Market (AIM]. This
entails an exhaustive examination of the company’s affairs, which
have to be advertised very fully in at least two leading London
newspapers.
Задание. Найдите в тексте ответ на вопрос: какова разница
между частным совместным предприятием и государствен-
ным предприятием?
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