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Company Formation Quiz

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Questions and Answers

Which one of the following is NOT a characteristic of a company?

Limited liability

Perpetual succession

Separate legal entity

Unlimited liability (correct)

Which one of the following is a disadvantage of a company form of organization?

Complex legal formalities (correct)

Perpetual succession

Separate legal entity

Limited liability

Which one of the following is a requirement for the formation of a company?

At least one member

Maximum number of members

Minimum number of members (correct)

No requirement of members

Company Formation Quiz

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Questions and Answers

Which one of the following is NOT a characteristic of a company?

Which one of the following is a disadvantage of a company form of organization?

Which one of the following is a requirement for the formation of a company?

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