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18 Summary

Summary

There are choices in types of companies registered and variety of reasons for such incorporation to conduct businesses. Among the valid reasons are to take advantage of the corporate personality of the company such as limited liability, funding or taxation purposes. However, whatever the reasons for such incorporation, there are repercussion and effect attached with each type of companies. Common concern is the administrative cost of running the business, procedure involved and regulation governs the type of company one chooses to incorporate.

 

Self-test 1.1
Question to Self-test 1.1 Suggested answers to self-test 1.1

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Summary Copyright © 2011 by Wawasan Open University. All Rights Reserved.

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