Strengths And Weaknesses Of A Company
A limited company is form of incorporation that limits the amount of liability of the company’s shareholders. In limited company an entrepreneur can keep their own assets separate from the business itself. It is therefore a better way for get investment without risk to a personnel wealth. There is two types of limited companies, private limited companies and public limited companies.
• The limited company must be registered with companies house. It is required by the government.
• The company must have at least one Director who is at least 16 years of age.
• The director run the business, the shareholders fund it and reap the rewards.
• The company will be taxed on its trading profits and will have to change VAT on services/products it offers where relevant.
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Limited liability
Advantage of a limited liability company is the financial security that comes with business. If the business be unsuccessful , limited liability protect shareholders from personal loss.
2. A unique trading name
When registering a limited company, includes the registration of the company unique name. This name will help customers to identify the business separating it from other
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1321 Words | 6 PagesThis can be avoided as if the owners have most of the shares with him then he can make the main decision as he holds most of the businesses shares whereas others hold little amounts of shares. One disadvantage of public limited company can be there are many legal formalities to start a public limited company. RSPCA: RSPCA is a charitable trust and the type of ownership is charitable as is it non-profit because the purpose of this business is to generate funds in order to support animals and people for a good cause. There is no liability for public sector as the business is funded by the government.
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1323 Words | 6 Pagesis known as Corporation. Apple Inc. is one of the leading organizations in technology all over the world, the company had to convert its form of business organization to the corporate form so as to enable them raise the capital needed for expansion and development of new products. A corporation is legal and separate from the owner; they operate on set bylaws and procedures which regulates their operations and decision making process. These bylaws guide the stakeholders in electing the board of directors who then pick the managers. The managers are expected to run the organization with the interests of the stakeholders at heart.
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