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 |
