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Business Studies IGCSEPDF 42
212 pagesrevision 46931
PDF 42
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Limited liability for
shareholders
Advantages
Raise capital from the
sale of shares
Separate legal identity
Advantages
Continuity of business is
practiced
Rapid expansion possible
(managers, finance)
Can sell shares to the public
Limited liability and separate legal
identity
Disadvantages
Several legal formalities
Difficult to transfer shares
Accounts are available for the
public to see
Cannot sell shares to the public
Several legal formalities
Disadvantages
Accounts are available for the
public to see
Divorce between ownership and
control
Advantages and Disadvantages of Being a Public Limited Company