October 2018
Intermediate to advanced
400 pages
9h 20m
English
Content preview from Relationship Management in Banking
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Question
Which businesses are controlled by XYZ Ltd?
ABC Ltd |
Yes/No |
DEF Ltd |
Yes/No |
GHI Ltd |
Yes/No |
JKL Ltd |
Yes/No |
MNO Ltd |
Yes/No |
Write down your answer before referring to the answer provided in Appendix 1.1.
Advantages of a limited company
- separate corporate personality;
- perpetual succession;
- limited liability;
Disadvantages of a limited company
- formal and costly procedures for incorporation and ongoing administration;
- information has to be disclosed and held in the public domain;
- more onerous accounting requirements with annual submissions of financial information (unless exempt);
- more onerous record-keeping and greater legal duties, responsibilities and formalities for its directors.
Limited liability partnerships ...
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