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Company, Emma Sánchez - Coggle Diagram
Company
Private Limited Companies (Ltd)
strengths
Limited liability
Professional Reputation
Limited companies are much more closely monitored than other structures, enhancing the reputation
A Private Limited Company pays less taxes
weeknesses
Difficult to set up
Legal Duties
The director has a number of legal duties, if they are not met, the owner could end up in jail
May require outside professional help to manage its finances
Public Limited Companies (PLCs)
strengths
Widening the shareholder base and spreading risk
Ability to raise capital through public issue of shares
weeknesses
Greater public scrutiny of the company's financial performance and actions
Stock Market Vulnerability
Emma Sánchez