A company has the following set of characteristics:
A) provides owners with shared control, simple to establish.
B) simple to set up, owner retains control.
C) complex to set up, provides owners with shared control.
D) provides owners with shared control, unlimited liability.

Question

Quizplus · Accepted Answer

There are initial costs associated with incorporation for a company and then ongoing fees and regulations to comply with. If there is more than one director, then the decision making is usually a shared responsibility. Shareholders of most companies have limited liability for the debts of the company.

A Company Has the Following Set of Characteristics