advantages of unlimited companies
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An unlimited company – or private unlimited company, since an unlimited company must be set up as a private company – is a type of business available both in the UK and elsewhere. In this article, we look at the features, advantages and disadvantages of an unlimited company.
You don’t come across unlimited companies very often – although they may not always be obvious because they don’t have to use “unlimited” in their name. Still, there are currently only 4,668 unlimited companies on the official register at Companies House. Although this low number might in part relate to people not appreciating the benefits of an unlimited company, it’s largely due to their very serious drawbacks.
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Answer:An unlimited company also has some specific advantages:
1 Confidentiality. ...
2 Management quality. ...
3 Creditor confidence. ...
4 More flexible share capital options. ...
1 Unlimited liability. ...
2 Missed opportunities. ...
3 Not well understood. ...
4 The advantages don't stand scrutiny.
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