Chapter 4

Venture capitalists

specialist investors who provide money for business purposes, often to new businesses

Sue

to make legal claim against someone, especially for money, because they have harmed you in some way

Limited companies

business organisaions that have a sepratae legal identity from that of their owners

Limited liability

shareholders are legally responsible for the debts of a company according to how many shares they own

Chairperson

someone who is in charge of a meeting or directs the work of a committee or organisation

Certificate of incorporation

document needed before a new company can start doing business

Private limited company (ltd)

in uk, the ltds by shares (meaning the liability the shareholders to creditors of the company is limited to the capital originally invested) a shareholders personal assets are protected

Stock market

market for shares in PLCs

Stake

if you have a stake in a business, you have invested money in it

Public limited company (plc)

a limited company whose shares are sold and traded with a minimum share capital of $50 000 and letters Plc after its name

Prospectus

document produced by a company that wants the public to buy its shares

Regulatory control

official power to control an activity and to make sure that it's done in a satisfactory way

Flotation

process of a company ‘going public’

Multinational company

large business with significant production or service operations in at least two different countries

Issue

sale of new shares