Pros
Limited Liability: The liability of shareholders, unless and otherwise stated, is limited to the face value of shares held by them or guarantee given by them. Perpetual Existence: ... Professional Management: ... Expansion Potential: ... Transferability of Shares: ... Diffusion of Risk:Limited Liability: The liability of shareholders, unless and otherwise stated, is limited to the face value of shares held by them or guarantee given by them. Perpetual Existence: ... Professional Management: ... Expansion Potential: ... Transferability of Shares: ... Diffusion of Risk:
Cons
the company can be expensive to establish, maintain and wind up. the reporting requirements can be complex. your financial affairs are public. if directors fail to meet their legal obligations, they may be held personally liable for the company's debts.the company can be expensive to establish, maintain and wind up. the reporting requirements can be complex. your financial affairs are public. if directors fail to meet their legal obligations, they may be held personally liable for the company's debts.