Tag: liability
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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
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Choosing the form of organisation
Choosing the form of organization When you want to chose the form of organization you should consider these factors: Objectives Growth Finance Limited liability