Limited Company Flashcards Preview

Hospitality > Limited Company > Flashcards

Flashcards in Limited Company Deck (2)
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1
Q

Disadvantages of limited company

A
  • Accounts are not kept private
  • Not all decisions are made by managers
  • Expensive to set up
2
Q

Advantages of limited companies

A
  • Death/illness doesn’t affect the business
  • Can get money selling shares
  • Business is bigger