Question

Give any two reasons for conversion of a firm into a limited company

Answer 1

Explanation:

Limited Liability

A limited company has the limited liability conferred upon the company's directors and shareholders. As a private company, personal assets of the proprietor or partners can be at risk in the event of a loss in business, which shall not be a case with limited company

Legal entity

A private limited company is a legal entity, a juristic person established under the Act. Private limited company status enables you to be taken more seriously in the market than a private company has

Answer 2

The two reasons for conversion of a firm into a limited company.

Explanation:

• The limited company is the one that is liable of the members of the subsidy is limited to what they have invested in the company.  

• They have tax and national insurances and are easy to incorporate.

• Has simple rules to transfer or sell the business ownership.

Learn more about the  two reasons for conversion of a firm into a limited company.

• brainly.in/question/13795146 answered by nidaeamann.