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6 of 7 shown
Which of a sole trader, general partnership, LLP and private limited company have separate legal personality, and why is that different from having limited liability?
If a business fails with unpaid debts, who is personally exposed under each of the four business mediums — sole trader, general partnership, LLP and private limited company — and who is protected by limited liability?
How are trading profits taxed in each of the four business mediums — sole trader, general partnership, LLP and private limited company — and where does tax not simply follow legal personality?
How do owner control and management flexibility differ across a sole trader, general partnership, LLP and private limited company, and which usually operate most informally?
Of the four business mediums — sole trader, general partnership, LLP and private limited company — which creates the heaviest public filing burden, and what does that mean for privacy compared with the others?
A cautious founder wants limited liability, a professional image and manageable admin. Which of the four business mediums — sole trader, general partnership, LLP or private limited company — would you recommend, and what trade-off would you warn about?
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