Accounting for IGCSE & O level - Preparation Of Financial Statements (Section 14 - No. 17)
Which of the following are advantages of limited companies?
Limited liability for shareholders
Easier to raise capital
Continuity of existence
Owner can be sued for company's debt
Explanation
Limited liability is a key advantage, as is the ability to raise capital. The business also survives the death of an owner, but an owner cannot be sued for company debts.
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