Which of the following statements regarding companies limited by shares and general partnerships is correct?

Unlike a general partnership, a private company limited by shares may create a floating charge as security for a loan

Private companies limited by shares and general partnerships are required to disclose financial information regarding the operation of the business to the general public

In the event of insolvency both a private company limited by shares and a general partnership may be placed in insolvent liquidation

Both a private company limited by shares and a general partnership are established by registration