1. (c) St Patrick's Cathedral Grammar School Form 6 2005 WHO OWNS A COMPANY?

2. (c) St Patrick's Cathedral Grammar School Form 6 2005 Companies? Huh? Firstly, let me explain a little about companies. A company can be involved in many different areas of business, e.g. they may be in retailing, brokering or real estate or providing a service. A company can be involved in many different areas of business, e.g. they may be in retailing, brokering or real estate or providing a service. Companies have limited liability, that means the shareholders can only loose, what they invested. Companies have limited liability, that means the shareholders can only loose, what they invested. Private limited companies are pretty exclusive, because if someone is selling their shares, they must get the approval of the other shareholders as to who the new shareholder will be. Private limited companies are pretty exclusive, because if someone is selling their shares, they must get the approval of the other shareholders as to who the new shareholder will be. Public limited company, sell their shares on the stock exchange. Public limited company, sell their shares on the stock exchange. (copyright) www.startersinformatiecentrum.nl/

3. (c) St Patrick's Cathedral Grammar School Form 6 2005 Entrepreneurs A company normally begins by an entrepreneur, who having studied the market and found a gap in the market or found a new idea altogether takes it and builds a business around it. A company normally begins by an entrepreneur, who having studied the market and found a gap in the market or found a new idea altogether takes it and builds a business around it. The entrepreneur must then either, find investors to endorse his business or take the finance responsibilities himself. The entrepreneur must then either, find investors to endorse his business or take the finance responsibilities himself. He can either get a loan or form a company and start selling shares. He can either get a loan or form a company and start selling shares. The shareholders become co- owners with the original Entrepreneur(s), who himself if he invested,money in the company becomes a shareholder. The shareholders become co- owners with the original Entrepreneur(s), who himself if he invested,money in the company becomes a shareholder. An entrepreneur like Richard Branson owns a business but really it is just another project to them so someone else must manage it for them. An entrepreneur like Richard Branson owns a business but really it is just another project to them so someone else must manage it for them. (copyright) www.ameria.com/ ameriacartoon14.html

4. (c) St Patrick's Cathedral Grammar School Form 6 2005 shareholders Shareholders invest in a company by buying shares. The more shares they have the more influence they have in a company. Shareholders don’t own the whole company but have a say as far as the AGM matters are concerned. They have one vote per share and vote to appoint directors to oversee the running of the company. Even though a shareholder wouldn’t have much say in the running of a company, the company itself would be in a dire straits, if these valued shareholders didn’t invest as they do. Shareholders invest in a company by buying shares. The more shares they have the more influence they have in a company. Shareholders don’t own the whole company but have a say as far as the AGM matters are concerned. They have one vote per share and vote to appoint directors to oversee the running of the company. Even though a shareholder wouldn’t have much say in the running of a company, the company itself would be in a dire straits, if these valued shareholders didn’t invest as they do.

5. (c) St Patrick's Cathedral Grammar School Form 6 2005 MANAGERS Directors do not normally have time to run the company on a day to day basis, so they appoint managers to run the everyday affairs of the company and achieve the objectives and aims of the company. The manager must make sure that these aims must be reached through the people in the business. The manger may or may not be a shareholder in the company.

6. (c) St Patrick's Cathedral Grammar School Form 6 2005 EMPLOYEES Employees are very important to the company, but they do not own the company. Employees are very important to the company, but they do not own the company.

7. (c) St Patrick's Cathedral Grammar School Form 6 2005 conclusion In the end we can see that it is the shareholders who own a company. In the end we can see that it is the shareholders who own a company.