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Questions and Answers
What is the benefit of creating a company as a legal person?
What is the benefit of creating a company as a legal person?
- The company can avoid legal obligations
- The company can have tax exemptions
- The company can have limited liability (correct)
- The company can have unlimited liability
What happens when a company closes?
What happens when a company closes?
- It can continue to operate as a dormant company
- It can transfer its assets to another company
- It may need to be liquidated to avoid further legal obligations (correct)
- It is required to merge with another company
What are corporate groups?
What are corporate groups?
- Companies that have been liquidated
- Individual companies that have merged together
- Companies that have closed down
- Companies that have collectively registered themselves as new companies (correct)
