(2) What are the important characteristics of a Company ?
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Explanation:
- Characteristics of Company – 10 Important Characteristics: Legal Person, Artificial Person, Continued Existence, Limited Liability, Freely Transferable and a Few Others. A company is an association of persons who contribute money or money's worth to carry on some agreed activity for their economic gain.
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Explanation:
- Voluntary Association: A company is a voluntary association of two or more persons. ...
- Incorporation: ...
- Artificial Person: ...
- Separate Entity: ...
- Perpetual Existence: ...
- Common Seal: ...
- Transferability of Shares: ...
- Limited Liability:
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