Proprietary companies have a limit of how many members?

A) 4
B) No maximum number of members
C) 40
D) 50

Question

Proprietary companies have a limit of how many members?

A) 4
B) No maximum number of members
C) 40
D) 50

Quizplus · Accepted Answer

Proprietary companies are often termed private companies.The basic difference between a public and proprietary company is that a proprietary company is limited to a maximum of 50 members whereas public companies have no maximum limit on membership.Proprietary companies fall into two further sub-classifications: small proprietary companies and large proprietary companies.

Proprietary Companies Have a Limit of How Many Members