2007-04-22 13:56:56 · 2 answers · asked by skywalker 1 in Business & Finance ➔ Corporations
does having the word "PTE" enclosed in brackets identifies it as a foreign company?
2007-04-23 15:39:32 · update #1
the brackets do not have any specific meaning, they are just used to change the name of the company so that it doesn't make the change obvious
The company is the same but they have changed the name for tax purposes. they are legally two different names. often companies do this they still want people to know that they are still in business but the company may have changed hands or been restructured and wants to keep the same name but they will change the way it is registered making it a new company. so yes there is a difference and although the changes are not visible to the general public, they have formed a new company name, it is done sometimes to avoid bankruptcy and foreclosure .also
2007-04-24 19:25:21 · answer #1 · answered by ? 6 · 1⤊ 0⤋
No difference, only a matter of preference. You could have a co. called Skywalker Pte Ltd or one called Skywalker (Pte) Ltd and it would just indicate that this is a corporate entity as opposed to an unincorporated entity like a sole-proprietorship, or a partnership, etc.
2007-04-28 20:50:02 · answer #2 · answered by Sandy 7 · 0⤊ 0⤋
"PTE" stands for private and "LTD" refers to limited liability. Nothing came up when a differential was researched, but there are differences when comparing different types of limited companies - there are private companies limited by shares, private company limited by guarantee, public limited company.
2007-04-23 15:20:36 · answer #3 · answered by bonsai67 3 · 0⤊ 1⤋