16. Status anxiety
Deciding upon the legal identity and status of your business can be tough, but remember, the status of a business can bring ‘high status’.
Becoming CEO of a PLC does sound great, but floating a company is not always best for your business. Choose wisely and ensure that you remain in control.
The limited company is regarded as the best thing that the Victorians ever did for us, although I would argue that the flushing toilet was equally important. A limited company is a completely separate legal entity from those who run or work for the company (thus the directors have limited liability). With that definition come a number of benefits and disadvantages.
By creating a limited company you can give the impression ...