Limited liability

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.

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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

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

Topic: Alternative forms and constitutions of business organisations

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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.

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

State five advantages of forming an incorporated company.

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

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

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