Seudónimo Seudónimo

24-04-2022
Business

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What are the advantages of a private limited company rather than a partnership as a form of business organisation?

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adaujames25 adaujames25

24-04-2022

Answer:

Owners of a partnership are liable for business debts and obligations. Private limited companies are owned by shareholders and managed by directors. They carry limited liability for business debts, which reduces personal risk.

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