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7 February, 14:53

Explain one benefit to an entrepreneur of starting a business as a private limited company

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Answers (2)
  1. 7 February, 15:43
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    It is easier to borrow money or capital without risk for the entrepreneur
  2. 7 February, 18:09
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    The risk is less than that of a sole trader or a partnership because limited companies have limited liability. meaning that if the business is in debt a limited company would only pay with the capital/assets of the business whereas a sole trader or partnership would have to pay with their own personal assets.
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