The company can be expensive to establish, maintain and wind upthe reporting requirements can be complexyour financial affairs are publicif directors fail to meet their legal obligations, they may be held personally liable for the company's debtsprofits distributed to shareholders are taxable.
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Disadvantages of a company include that:-
The company can be expensive to establish, maintain and wind upthe reporting requirements can be complexyour financial affairs are publicif directors fail to meet their legal obligations, they may be held personally liable for the company's debtsprofits distributed to shareholders are taxable.
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