A company is a separate legal entity and can have debts, lawsuits and lawsuits. The company's shareholders (owners) can limit their personal liability and are generally not responsible for the company's debts. A company is a complex business structure and has a high cost of regulation and reporting. You can form a company as a private company (also known as a sole proprietorship) or a public entity. A registered company must have at least one director (and a company secretary unless it is a private company).
- Limited liability for shareholders.
- Understandable and acceptable.
- Able to raise significant capital.
- compensation for future profits.
- Easy sale and approval of ownership.
- Ability to receive profit or reinvestment.
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