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Letter of Advice about Bussines Types
And main disadvantages of a Public Limited Company is that some of them can grow so large that they may become difficult to manage effectively.
In my opinion, best type of the business would be a Limited Company, because all business founders also are going to be its proprietors. In any case you are taking a risk only with your invested money and no more. It is therefore a good way for a business to get investment and run without risk to a personal wealth. The company will exist beyond the life of it’s members, if they retire , the company will continue to exist and operate. If the company is growing than it can turn into a Public Limited Company, for a global reach. I hope that this advice sets out the position clearly, and if you have any further questions please do not hesitate to contact me.
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