What are the essential characteristics of a company?
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The essential characteristics of a company are following: Separate Legal Entity: Limited Liability: Perpetual Succession: Separate Property: Transferability of Shares: Common Seal: Capacity to sue and being sued: Separate Management:
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A company's growth and dealt depend upon its characteristics such as Incoopration, voluntary association , artificial person, separate entity, perpetual existance, common seals, transferability of shares, limited liability etc. A company can never grow up without these qualities.
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