Amran is a successful sole proprietor in Kuala Lumpur dealing in business of Italian furniture. He...
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Amran is a successful sole proprietor in Kuala Lumpur dealing in business of Italian furniture. He is thinking to expand the business after many potential vendors indicate interest to sell the products. His chief competitor, Lim, offers similar business targeting mainly for corporate customers. Amran and Lim decide that they work together but are unsure as to which business structure would be most appropriate. They wish to avoid significant levels of formality, they want to be able to run their affairs in private, they want to avoid personal liability for the debts and liabilities of the business, they do not want to invest significant amounts of their own capital in setting up the business and will probably wish to raise capital from outside sources, and they wish to take on employees. They wanted to know the benefits and drawbacks of running a business in the form of a company. Advise Amran and Lim relating to advantages and disadvantages of carrying on business through the medium of a company limited by shares. You must discuss the solution of this problem. Explain the application on this above cases. Amran is a successful sole proprietor in Kuala Lumpur dealing in business of Italian furniture. He is thinking to expand the business after many potential vendors indicate interest to sell the products. His chief competitor, Lim, offers similar business targeting mainly for corporate customers. Amran and Lim decide that they work together but are unsure as to which business structure would be most appropriate. They wish to avoid significant levels of formality, they want to be able to run their affairs in private, they want to avoid personal liability for the debts and liabilities of the business, they do not want to invest significant amounts of their own capital in setting up the business and will probably wish to raise capital from outside sources, and they wish to take on employees. They wanted to know the benefits and drawbacks of running a business in the form of a company. Advise Amran and Lim relating to advantages and disadvantages of carrying on business through the medium of a company limited by shares. You must discuss the solution of this problem. Explain the application on this above cases.
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Answer rating: 100% (QA)
Certainly Id be happy to explain the advantages and disadvantages of running a business in the form of a company limited by shares considering Amran and Lims situation Advantages of a Company Limited ... View the full answer
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
Posted Date:
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