Practice question · Match the pairs
Match each S.L. feature to its description.
- Participation
- Preferential acquisition
- Reinforced majority
- Limited liability
- Insiders’ first option when a partner sells out
- Equal, indivisible unit of capital, not a security
- Partner risk capped at the contribution
- Extra consent demanded for structural changes
Hints
- The form is built around keeping the ownership circle closed.
- Each feature protects either the insiders or their capped exposure.
Show the answer
- Participation → Equal, indivisible unit of capital, not a security
- Preferential acquisition → Insiders’ first option when a partner sells out
- Reinforced majority → Extra consent demanded for structural changes
- Limited liability → Partner risk capped at the contribution
Why
Closed capital, protected insiders, guarded big decisions, capped risk, the S.L.’s four design choices in one table.
Practise Limited Liability Companies (S.L.)
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