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Table summarizing advantages and disadvantages of a private limited company
Advantages |
Disadvantages |
Limited liability |
Need to disclose company information to the public |
Greater continuity |
Involvement of considerable documentation and expenses in forming and maintaining a company |
Easy to obtain finance |
Complicated in complying with the Companies Ordinance |
Separate legal entity |
Company can only be closed by liquidation |
Easy to transfer shares |
|
Separate ownership and management |
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- Register European Union Trademark
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