Limted Companies Flashcards
1
Q
What is a limited company
A
Organisation which share are sold for share of profit
2
Q
Advantage of limited company
A
Pay les personal tax than a sole trader
Less risk for shareholder
Easier to raise capital either through shares or loans
3
Q
Disadvantages of limited company
A
Sole trader is a simpler procedure
Costs money
Documents to be completed
