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In some cases, owners may invest only ?100 or ?200 each at the outset.
• Shares cannot be transferred to other people unless al the shareholder agree, and cannot be bought by members of the public. This gives the owners direct control of the business
Also the disadvantages of a Private Limited Company are:
• Limited companies have to comply with more regulations than sole traders or partnerships. They have to register with the registrar of companies must have their account audited by an accountant.
• The owner must decide on the structure of the company and other details before formative can be agreed and the documents completed...
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