Companies are formed in different forms based on their demand and necessities.They all have some advantages and disadvantages.
Here are some advantages of a Limited Liability company.
Members' (the directors and shareholders) financial liability is limited to the amount of money they have paid for shares.
The management structure is clearly defined, which makes it easy to appoint, retire or remove directors.
In case of any need of extra capital , it can be raised by selling more shares privately.It is simple to admit more members.
The death, bankruptcy or withdrawal of capital by one member does not affect the company's core function.
Can you︀ add some more?
Here are some advantages of a Limited Liability company.
Members' (the directors and shareholders) financial liability is limited to the amount of money they have paid for shares.
The management structure is clearly defined, which makes it easy to appoint, retire or remove directors.
In case of any need of extra capital , it can be raised by selling more shares privately.It is simple to admit more members.
The death, bankruptcy or withdrawal of capital by one member does not affect the company's core function.
Can you︀ add some more?