Which of the following statements is correct in relation to business organisations?

In the event of a company limited by shares going into insolvent liquidation the shareholders become fully liable for the debts of the company

Although a public company may offer its shares and securities to the general public it can only do so if it is listed on a stock exchange

A limited liability partnership is a separate legal entity distinct from the partners in a similar way to how a private company is a legal entity distinct from its shareholders and directors

A general partnership and a private limited company can be formed without the need for any written documents