As matter of fact the members of an Limited Liability Company or Corporation are not personally liable for the debts accumulated by the enterprise. So it is only thing that matters how financial stable is the enterprise.
Types of small and medium enterprise
How does government policy affect small and medium scale enterprises in Nigeria
what is the disadvantage of medium enterprises
Small and medium enterprises or small and medium-sized enterprises (SMEs; also small and medium-sized businesses, SMBs, and variations thereof) are companies whose headcount or turnover falls below certain limits.
Small & Medium Enterprises.
SMMEs are small medium or micro enterprises
Small and Medium Sized Enterprises
0-500 employees
200,000 businessess
Micro-scale enterprises, Small-scale enterprises, Medium-scale enterprises, Large-scale enterprises :)
The advantages of the small to medium enterprises to an economy is that they create very many employment opportunities. They are easy to set up and therefore help boost the economy.
increase nationa income