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COMPANY - Coggle Diagram
COMPANY
Private Limited Company
Advantages
Owning Property
A company being a juristic person, can acquire, own, enjoy and alienate, property in its own name.
No shareholder can make any claim upon the property of the company so long as the company is a going concern.
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Dual Relationship
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A person can at the same time be a shareholder, creditor, director and also an employee of the company.
Limited Liability
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The liability of the members of a company is limited only to the extent of the par value of the shares taken by them.
When a company is limited by shares, the members' liability in a liquidation is limited to the unpaid amount of their shares.
Disadvantages
- As they are private, people do not receive financial aid from them.
- Workers in the private sector do not enjoy as many benefits as they do in the case of workers in the public sector.
- They are companies that only have people who pay for their services
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Public limited company
Advantages
You can complete funcion like registro sanitario beacuse youre authorized by the goverment :silhouettes:
People will think that you are trustable and will buy you more things thinking that you are trustable person :recycle:
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Disadvantages
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The shareholders have a limited liabilty, which some times makes the possible options go away, so the company has no support.
