disadvantage of company
explain lack of credit standing
Answers
Answer:
Disadvantages of a company include that:
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.
Disadvantages. Blowing Your Budget -- The biggest disadvantage of credit cards is that they encourage people to spend money that they don't have. ... High Interest Rates and Increased Debt -- Credit card companies charge you an enormous amount of interest on each balance that you don't pay off at the end of each month.
Explanation:
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Answer:
Disadvantages of company are as follows -
1 - there is a burden on buyer about the risk bearing.
2-there is burden on the producer for fixing the prices of the goods according to the market demand .
3- there is no restrictions on entry and exit of the new firms . but in some private companies there is restrictions on the entry and exit of the new firms
4-patents rights are required to start any production firm or any company .
5- government permission is also required to start any entreprises .
Explanation: