Marks and Spencer
b) Limited liability companies (LLC)
A limited liability is a type of investment in companies that protects partners from losing more than they invested. This mostly manifests itself in occasions whereby a company is in immense debts and is about to fall (Marks and Spenser Plc. 2011). The limited liability stipulated that owners be not obliged to pay off debts in an event that the company is unable to pay them. Marks and Spencer registered as a limited liability company in 2009 (Marks and Spenser Plc. 2011).
Obviously, the first advantage of the limited liability entity is the personal Continue reading...