Question
The local car mechanic wants to know whether he should form a company and transfer his business to the company.Specifically, he wants to know: -
The local car mechanic wants to know whether he should form a company and transfer his business to the company.Specifically, he wants to know: -
a.How is a limited liability company formed?
b.What are the Articles of Association?
c.To what extent would any shareholders in his company be liable for the debts of his company.
d.How could he secure any capital which he lent to the company?
e.Advise the mechanic.
Marks:10
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Business Law Principles and Practices
Authors: Arnold J. Goldman, William D. Sigismond
9th edition
1133586562, 978-1285632995, 1285632990, 978-1285675367, 978-1133586562
