aditiy-avatar

Incorporation of a Company?

What are the advantages and disadvantages of incorporation of a company?
over 9 years ago
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2 replies

over 9 years ago
devguru-avatar
Advantages of incorporation
  1. Independent corporate existence
  2. Limited liability
  3. Perpetual succession
  4. Common seal
  5. Transferable shares
  6. Separate property
  7. Professional management
Disadvantages of incorporation1. Lifting of corporate veil
2. Formality and expense
3. Company not a citizen detailed lecture notes on Company Law explain these advantages and disadvantages https://www.docsity.com/en/docs/notes-on-company-1/764749/