What are the disadvantages of resources?

Disadvantages

• Renewable resources are only available in certain parts of the world, eg sunny places.
• Non renewable resources are scarce and will run out.
• Non renewable resources cause pollution.
• Renewable resources are expensive.

What are the advantages and disadvantages of limited company?

The advantages and disadvantages of a limited company

• Tax efficient.
• Limited liability.
• Separate entity.
• Professional status.
• Company pension.
• Maximising tax-free income.
• Complicated to set up.
• Complex accounts.

What are the disadvantages of private limited companies?

One of the main disadvantages of a Private Limited Company is that it restricts the transfer ability of shares by its articles. In a Private Limited Company the number of shareholders in any case cannot exceed 50. Another disadvantage of Private Limited Company is that it cannot issue prospectus to public.

What are the advantages and disadvantages of a limited company?

Operating through a limited company means that you deal with your clients directly, and you alone have control over your business and your finances. If you were to use the services of an umbrella company then you have to rely on the umbrella company to collect your earnings and pay them onto you. Company name

Who is at risk if a limited company fails?

As a non-limited business, personal assets can be at risk if the business fails, but this is not the case for a limited company. As the shareholder you cannot be held personally liable for the debts of a limited company, meaning your personal assets are not at risk.

What are the requirements for a limited company?

When setting up a limited company, there are a few requirements that have been laid out by The Companies Act 2006: Requirement 1 – The company must be registered with Companies House. Requirement 2 – The company must have at least one director, or 2 if it’s a PLC. Requirement 3 – Directors have to be at least 16 years of age.

What are the advantages and disadvantages of company form of organisation?

The death or insolvency of members does not in any way affect the corporate existence of the company. The continuity of a company is not only in the interests of the members but is also beneficial for the society. The discontinuation of a company may cause wastage of resources and inconvenience to the consumers. 4. Efficient Management: