Question
what are the benefits of setting up as imited company and partnership?
What are the benefits of setting up as imited company and partnership? 1) advantages and dis-advantages? 2) if a person decides not to trade as partnership, but instead to form a limited company - What can be the reason to this? what potential disadvantages can arise for forming limited company? 3)what is limited company and partnership?
1 month ago - 1 answers
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limited company is a corporation with limited liability protection, while a partnership is an organization of two or more individuals formed to do a business like law partnerhsip limited co has limited liaility protection, while partners are jointly and serverablly liable to debts and that is one reason why many partners wanting to form a limited liability company a potential disadvantage for limited libailtiy company is more tax issues and tax return reporting
by T E
1 month ago
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