Question

e) If the a and N partnership business continues recommend whether a private limited company is suitable form of legal structure for this business justify your answer by considering the advantage and disadvantages of a private limited company

Answer 1

Answer:

Of all the choices you make when starting a business, one of the most important is the type of legal structure you select for your company. Not only will this decision have an impact on how much you pay in taxes, it will affect the amount of paperwork your business is required to do, the personal liability you face and your ability to raise money.