Question

The maximum number of persons required to form a private company is

• A. 2
• B. 7
• C. 10
• D. 15

Hint:

Private companies typically require a minimum of two members to be formed.

Answer 1

The Correct Option is A

Step 1: Understanding the requirements for forming a private company.
According to company law in many jurisdictions, the minimum number of persons required to form a private company is two. This applies to the formation of private limited companies, which is a common business structure.
Step 2: Analyzing the options.
(A) 2: Correct — A private company can be formed with as few as two members.
(B) 7: This is incorrect, as the minimum required is typically two members.
(C) 10: This is incorrect, as more than two members are not required for forming a private company.
(D) 15: Again, more than two members are not required for forming a private company.
Step 3: Conclusion.
The correct answer is (A) 2 as the minimum number of persons required to form a private company.