In 2020, S Ltd. became an incorporated firm with the following details/criteria: ...
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Accounting
In S Ltd became an incorporated firm with the following detailscriteria:
The company had shareholders.
All shareholders were individuals, estates or certain corporates.
The Board of Directors managed the company.
The business was manufacturing tyres.
All shareholders concurred with the decision to form S Ltd
It was governed by the Companies Act
There were foreign nationals as shareholders of the company.
Based on the above data and your knowledge of the forms of entities:
Discuss the disadvantages of incorporation as a Company rather than a OnePerson Company. Additionally, what if S Ltd was incorporated as S & Co LLP what would be the effects?
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