| 30 August |
The Advantage Of Having Limited Liability Company |
Limited liability company is a major advantage over other forms of small business structures. And there are other advantages. The company continues to exist after its shareholders is to die and be transmitted to family or friends. The price increase is easier for a company or sole proprietorships or partnerships. It can also be tax advantages.
So what shortage? Well, there are other cards because you have to keep records and file separate tax returns. Cost more to register a company through the creation of a sole proprietorship or partnership. And if you ask for personal guarantees, banks often provide, you may be liable for that amount, even if your company no longer exists.



