Question

explain the demerits or limitations of a company.
class 11

Answer 1

Answer:

Hey mate here is your answer⬇️⬇️

Disadvantages of a company include that:-

The company can be expensive to establish, maintain and wind upthe reporting requirements can be complexyour financial affairs are publicif directors fail to meet their legal obligations, they may be held personally liable for the company's debtsprofits distributed to shareholders are taxable.

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Hope it will help you

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Answer 2

Explanation:

There are also a number of potential disadvantages to consider in deciding whether to start a small business: Financial risk. The financial resources needed to start and grow a business can be extensive, and if things don't go well, you may face substantial financial loss. In addition, you'll have no guaranteed income.