Legal personality

BCL – L1 – Q56 – Alternative forms and constitutions of business organisations

State five advantages of forming an incorporated company.

Question

The desire to form an incorporated company is the legal wish of one or more persons. State FIVE (5) advantages that exist for persons who form an incorporated company.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Advantages, Incorporated Company, Legal personality, Limited liability, Perpetual
Level: Level 1

Topic: Alternative forms and constitutions of business organisations

BCL – L1 – Q51 – Alternative forms and constitutions of business organisations

Explain advantages of a company limited by shares under the Companies Act.

Question

Section 9 of the Companies Act, 1963 (Act 179) provides that a company limited by shares is “a company having the liability of its members limited to the amount, if any, unpaid on the shares respectively held by them”.

Required:

State and explain TWO (2) advantages that exist for a company limited by shares.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Company formation, Corporate structure, Legal personality, Limited liability, Shares
Level: Level 1

Topic: Alternative forms and constitutions of business organisations

Tag (SQ): Legal personality

Filter by Professional Bodies

Filter by Subject

Filter by Topics

Filter by Levels

BCL – L1 – Q56 – Alternative forms and constitutions of business organisations

State five advantages of forming an incorporated company.

BCL – L1 – Q51 – Alternative forms and constitutions of business organisations

Explain advantages of a company limited by shares under the Companies Act.

Our offerings

Contact Info

Customer

Get In Touch

Tag (SQ): Legal personality

Filter by Professional Bodies

Filter by Subject

Filter by Topics

Filter by Levels

BCL – L1 – Q56 – Alternative forms and constitutions of business organisations

State five advantages of forming an incorporated company.

You're reporting an error for "BCL – L1 – Q56 – Alternative forms and constitutions of business organisations"

BCL – L1 – Q51 – Alternative forms and constitutions of business organisations

Explain advantages of a company limited by shares under the Companies Act.

You're reporting an error for "BCL – L1 – Q51 – Alternative forms and constitutions of business organisations"

Our offerings

Contact Info

Customer

Get In Touch

admin