What are the advantages and disadvantages of a business being a private limited company instead of a partnership

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asked Jan 13, 2020 159k views

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Ulugbek Umirov · Answer 1 · 2020-01-19T08:49:04+0000

Answer:

Private limited companies are owned by shareholders and managed by directors. They carry limited liability for business debts, which reduces personal risk. Choosing the correct business model must involve consideration of tax and legal advantages of each type of entity.

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What are the advantages and disadvantages of a business being a private limited company instead of a partnership

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