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Private Limited Companies - unfinished (Disadvantages (Cannot raise…
Private Limited Companies - unfinished
Advantages
Limited Liability
Low Risk
Only lose original investment
Easy to raise finance
Separate Legal Identity for the business
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Disadvantages
Cannot raise Capital from public sale of shares
Financial Accounts are published each year
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Legal formalities
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Can be difficult for shareholders to sell shares
Companies Act
Companies House
Cardiff, Wales, UK
Incorporation
Documents to provide
Incorporation
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Memorandum of Association
Articles of Association
All company details
Owners
Other detail....
Annually
Income Statement (Profit and Loss)
Certificate of Financial Position (Balance Sheet)
Documents received
Certificate of Incorporation
Definition of a Private Limited Company
definition 1
definition 2
Features of a Private Limited Company
Corporation Tax
Limited Liability