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CONTINUITY: the death or retirement of a shareholder will not hamper the operation of the business.

LIABILITY: the liability of the shareholder is limited to their investment's. This clause also protects their personal property from being liquidated to cover any debts of the company.

The company has it's own legal identity

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13y ago

identify and explain features of a publi coorporation and a private coorparation

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Q: Identify and explain features of a public company and a private company?
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