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What are advantages and disadvantages of a unlimited liability?
Wiki User
∙ 11y ago
There is only one real advantage and that is the company can be alot more private about its profits but the disadvantages are to great to ignore such as if the company goes into great debt you could loose everything you own
Wiki User
∙ 11y ago
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Does tesco plc have limited or unlimited liability?
it is a plc therefore it has unlimited liabilty, it's shareholders however, have limited liability.
There is a problem of unlimited liability in organization?
Proprietorship. (:
What are the advantages and disadvantages of overhead costing?
The advantages are that you will be able to get more things for the business. The disadvantages are that they are a lot of costs.
What are the advantages and disadvantages of cost classification?
the disadvantages of cost classification
What are the Disadvantages of journal?
help advantages disadvantages of house journals
What are the disadvantages of sole proprietorships?
unlimited liability
What are the 3 disadvantages of sole proprietorships?
unlimited liability
What is the advantages and disadvantages at the limited and unlimited government?
I don't about advantages of unlimited government Disadvantages of an Unlimited government: -People have few rights and very little freedom. -They control you. -Few choices in life Advantages of an Limited government: -Citizens rights guaranteed -People can vote for leaders. Disadvantages of an Limited government: -The government have to listen to the citizens
What are the advantages and disadvantages of limited and unlimited political system?
Advantages of a limited political system include stability and consistency in governance, protection of individual rights and freedoms, and prevention of authoritarian rule. Disadvantages may include constraints on government action and responsiveness to changing circumstances. Advantages of an unlimited political system may include flexibility and adaptability to evolving challenges, empowerment of the government to take bold actions, and potential for rapid decision-making. Disadvantages may include a greater risk of abuse of power, erosion of checks and balances, and potential for oppression of minority rights.
Advantages and disadvantages of a public limited company?
Advantages for public limited companies include unlimited liability of shareholders, legal entity (operations are unaffected by shareholder death), and no limit on the number of shareholders who can raise capital. Disadvantages include problems managing a large company, slow-decision making process and loss of control by the original founder (s).
What is the liability of a franchise?
i think its unlimited liability
Why would someone want to form an unlimited liability corporation?
so they would have unlimited liability.
Does McDonald's have limited or unlimited liability?
limited liability.
Compare a sole trader with a franchise?
Sole trader - where a business is set up by one person Advantages: Has their own say Makes their own decisions. Disadvantages: Unlimited liability - have to pay everything yourself if you lose money. Franchise - where you buy into an existing company e.g. Mcdonalds Advantages: You are part of a well-known company Limited liability - if you lose monet, you only lose what you put in. The company you have bought into will provide the money
What are the advantages and the Disadvantages of sole proprietorship?
advantages: Easy to start up, anyone can do it, earn all the profit, only need authorization. site permit and name paperwork takes a day or 2 to complete. disadvantage: they get all the DEBTS, HIGH degree of responsibility, unlimited personal liability limited access to resources and lack of performance.
Sole proprietorship advantages and disadvantages?
Sole Proprietorship Disadvantages:- 1- Unlimited liability 2- limited source of funds 3- Managerial abilities 4- Operational disadvantage 5- Continuity 6- Expansion Advantages :- 1- Ease of formation 2- Flexibility 3- Credit standing 4- Taxation 5- Legal status 6- Secrecy 7- Relationship with Customers 8- Minimum legal restriction
Advantages and disadvantages of owning partnership business?
Advantages more financial strength business will benefit from partners expertise business will not have to publish financial records Disadvantages Decision making will take longer and conflicts may occur partners have unlimited liability if a partner dies or leave business could be seriously jeopardized There may still be difficulties in raising capital and business may need to seek a bank loan
