The partnership structure in limited companies established under a trade name is determined by the capital raised by the company’s partners. Limited companies also have legal personality like sole proprietorships.
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What is a Limited Company?
Documents Required for the Company
Sole Proprietorship or Limited Liability Company?
One of the most frequently asked questions by people who will carry out commercial activities by establishing a company is whether it is a sole proprietorship or a limited Guadeloupe Email List liability company . Because today, many people do not know the advantages and disadvantages of these two types of companies, and therefore they cannot easily decide on the type of company they will establish.
Therefore, those who seek an answer to the question of whether it is a sole proprietorship or a limited liability company should first know the advantages and disadvantages of these two types of companies.
Sole Proprietorship or Limited Liability Company
The most obvious difference between a sole proprietorship and a limited liability company is the place of establishment. Generally, individuals and businesses need to choose a shop during the company establishment process. Persons who will establish a sole proprietorship are generally more advantageous at their workplace addresses than the limited company type.
Because in order to establish a sole proprietorship, individuals do not need to keep or open a shop. People can show the address of the house they live in as their company address. This makes it easier to set up a sole proprietorship.
It is not possible for persons who will establish a limited company to show their home as the company address. For this reason, before the process of establishing a limited Phone Number BR company, you need to keep a physical store that you will show as the company address. As a matter of fact, this leads to an increase in the company establishment capital.
