5. Read the text again and decide whether the following statements are true or false.
Correct the false ones.
1. Many of the small businesses in the UK are public limited companies.
2. Public limited company means that the public is able to buy and sell their shares on the
Stock Exchange.
3. The abbreviation of plc means private limited company,
4. The abbreviation plc is used for public limited companies.
5. The minimum share capital for public limited company is £ 50.000.
6. Small business is more likely to be in the form of Sole proprietorship or private limited
company.
7. All partners share profits and losses but only one of them is responsible for the debts.
8. To establish private limited company the shareholders must appoint a director and a
company secretary
9. The responsibilities of shareholders of a public limited company are limited to the
amount of money they have contributed.​

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