Difference between unincorporated Business and Limited company

Unincorporated business

Limited company

Example: Sole trader, partnerships

Example: Private limited company

No shares can be issued

Shares can be issued

Unlimited liability

Limited liability

Not a legal entity

Legal entity

Less capital available

More capital available

If the owner dies business dies

If the owner dies th business still exists

Rating 3.00 out of 5

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