private limited company
- Created by: abdul waheed shaikh
- Created on: 10-03-13 11:36
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- Private Limited companies
- Advantages
- shareholders have limited liability
- separate legal identity
- business is never ending, continuity
- original owner still often able to retain control
- able to raise finance from selling shares to family and friends
- greater status than an unincorporated business
- Disadvantages
- legal formalities involved in opening up a buisness
- capital restricted as shares cannot be sold publicly
- Quite difficult for shareholders to sell shares
- end of year accounts must be sent to companies...less secrecy than sole trader or partnership
- Advantages
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