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13
Name three dis(advantages) of Ltd.
+ limited liability
+ people are not personally responsible ( legal entity when sued)
+ company cannot be taken over by buying a all the shares (permission of all shareholders)
- expensive and complicated to set up
- minimun of two people (not self-employed)
- difficult to get a loan (limited liability)
+ people are not personally responsible ( legal entity when sued)
+ company cannot be taken over by buying a all the shares (permission of all shareholders)
- expensive and complicated to set up
- minimun of two people (not self-employed)
- difficult to get a loan (limited liability)
Flashcard info:
Author: 1-girl
Main topic: Englisch
Topic: Small Talk
School / Univ.: FHDW
City: Hannover
Published: 10.12.2009