A similarity of private and public company is that they
- sell shares on the stock exchange
- have equal number of members
-
receive certificate of incorporation
- are required to publish their final accounts
The correct answer is: C
Explanation
They both raise capital through the sales of share, they both require more than one person to start, they are controlled by a board of directors and they have separate legal status.
A certificate of incorporation is a legal document issued by the government or relevant authority that confirms the formation and registration of a company as a legal entity. Both private and public companies go through the process of obtaining a certificate of incorporation, which grants them the status of a legally recognized business entity.