Joe wants to form a company and his aim is to do gold mining. His advisor recommended him to establish a No Liability company, but he is not sure whether it is a good idea considering the question of raising unpaid capital in the future after the company is registered. Is he right?

a. Yes, Joe is right because in NL company, shareholders are not required to pay their unpaid share price on share calls.

b. No, his advisor is right, because there is no difference between a NL and other companies.

c. Yes, Joe is right since NL company can raise unlimited capital.

d. No, his advisor is right as NL company is an unlimited company.