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W and R toilet makes are thinking of expanding by becoming PRIVATE LIMITED CO (LTD) evaluate this decision
Member rating: No Rating | Words: | Submitted: Mon Jun 06 2005
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W and R toilet makes are thinking of expanding by becoming PRIVATE LIMITED CO (LTD) evaluate this decision. I think that W and R should become a PLC because there are a lot of advantages to them there must be at least two shareholders and there MUST be at least one director while this is good that their only has to at least two people shares cannot just be transferred freely, their must be some kind of agreement with the other shareholders so if you have the majority rule it wont work her as everyone must agree. They are easy to set up they mainly have the flexibility of a sole trader and a partnership but without the risks of unlimited liability. Small private companies if successful can raise capital more easily the liability makes people want to invest in the company more and its easier for it to borrow...
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