Talking Cents
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The different characteristics of a company compared to a small business, explained by our small business accountants in MelbourneThere are quite a few different characteristics that differentiate a company from a small business, with most of the characteristics being relevant to its actual structure. Our small business accountants in Melbourne identify that the main difference is that a company has a separate legal entity to its owners, which are called shareholders. Detailed below are the diverse characteristics of a company: Separate legal entity Ability to raise capital Limited liability of owners Transferability of ownership For more information regarding the different characteristics of a company, please contact our small business accountants in Melbourne today. |