Why might the ownership need to change to respond to changing activities? And why might aims & objectives need to change also?

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Josh Moore

10vY                            3/11/2006

Why might the ownership need to change to respond to changing activities?  And why might aims & objectives need to change also?

  The ownership of Alnwick Castle Ventures is what’s known as a private limited company and also a limited liability company. Private limited company means that the shareholders can only be members of the founder’s family or close family friends. This type of ownership suits the owner of ACV who is The Duke of Northumberland he likes this type of ownership because it means that the business will stay in his family. Limited liability means that the company has borrowed money to start the business or to build a new attraction, in the case of AVC the dragon’s quest and the knight’s school but if the business was to go bankrupt the bank who loaned AVC the money cannot take the Duke’s personal possessions.

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  Although this type of ownership suits the Duke, there are certain circumstances in which the type ownership of the business might have to change. The company might have to do what is known as floating the business which is where the business goes from being a private limited company to a public limited company which means anyone in the public can buy shares in the company which would mean the Duke would lose his control over the business. This situation might occur if the business went into serious financial difficulty or if the owner wants to share out the ...

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