4.0
20 Sept 2021
Anonymous employee
Current employee, more than 1 year
Recommend
CEO approval
Business outlook
Pros
liability for shareholders is limited. it's easy to transfer ownership by selling shares to another party. shareholders
Cons
the company can be expensive to establish, maintain and wind up. the reporting requirements can be complex. your financial affairs are public. if directors fail to meet their legal obligations, they may be held personally liable for the company's debts.