FAQ
Limited liabilities of shareholders
The liability is up to the shares paid up by the shareholders only.
More accessible to bank loans
When you have proper approved and certified accounting and tax statements ready in
hand, these give credits to your home/ company loan applications.
Healthier and more transparent business structure
That's compared with partnership or sole proprietorship, whose accounts are done
privately and unaudited!
Easier asset distribution
A company will allocate shares in appropriate proportions to each beneficiaries and not
by transferring fixed assets to any particular beneficiary as this may raise a series of
contentious issues as to who should get more.
Company as a separate legal entity
You become the director of the company when you form it and you oversee the business
it generates. Greatest satisfation in life none other than establishing your own brand
and business!
This FAQ page is constructed with the young public viewers in mind and serves to to equip them with the fundamental knowledge of getting a headstart in business.
If you have any general interest in setting up your own business or company, but do not know where to begin with, please feel free to give us a phone call, or alternatively, write to us via our e-mail on our Contact Us page.