vidarshanaperera1979
vidarshanaperera1979 vidarshanaperera1979
  • 01-12-2019
  • Business
contestada

What are the advantages and disadvantages of a business being a private limited company instead of a partnership

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shawnG78
shawnG78 shawnG78
  • 01-12-2019

Answer:

Private limited companies are owned by shareholders and managed by directors. They carry limited liability for business debts, which reduces personal risk. Choosing the correct business model must involve consideration of tax and legal advantages of each type of entity.

Explanation:

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