• 6 Marks

BCL – May 2018 – L1 – Q5c – Alternative Forms and Constitutions of Business Organizations

State four advantages of registering a company.

c) State FOUR advantages of registration of a company. (6 marks)

  • Perpetual succession.
  • Ownership of property.
  • Limitation of liability.
  • Separation of ownership and management.
  • It can sue and be sued.
  • Contractual capacity.
  • Transferability of shares with public companies.
    (1 mark each for four points—6 marks)
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