A group of friends wish to set up a business. They wish to limit their liability for the business' debts to an amount that they agree to when the business is formed. Which of the following businesses is most suitable to the needs of the group?
A、An unlimited company B
A、company limited by shares C
A、partnership D
A、corporation sole
A、An unlimited company B
A、company limited by shares C
A、partnership D
A、corporation sole
【参考答案及解析】
Out of the options, a company limited by shares is the only one available to the group that will limit their liability to an amount that they agree to when the company is formed. On formation, each member will agree to a limit on their liability – the nominal value of their shares.
Out of the options, a company limited by shares is the only one available to the group that will limit their liability to an amount that they agree to when the company is formed. On formation, each member will agree to a limit on their liability – the nominal value of their shares.