answersLogoWhite

0

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

User Avatar

Wiki User

12y ago

What else can I help you with?

Related Questions

What are the disadvantages of sole proprietorships?

unlimited liability


What are the 3 disadvantages of sole proprietorships?

unlimited liability


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.


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


What are disadvantages and advantages of registering unlimited company as limited?

The advantages are the customer will trust you more. The disadvantages are that you will have to keep up with stringent standards.


Define unlimited liability?

A type of investment in which a partner or investor can lose an unlimited amount of money. Opposite of limited liability.


Does tesco plc have limited or unlimited liability?

it is a plc therefore it has unlimited liabilty, it's shareholders however, have limited liability.