4.0
21 Mar 2023
Recommend
CEO approval
Business outlook
Pros
Availability of large amount of Resources and Economies of Scale in Production. Restriction on Liability. Management. Unaffected Existence. Transferability of Shares. Research and Training. Spreading of Risk. Societal Development
Cons
the company can be expensive to establish, maintain and wind up the reporting requirements can be complex your financial affairs are public if directors fail to meet their legal obligations, they may be held personally liable for the company's debts profits distributed to shareholders are taxable.
