● • Amin decided not to form a partnership with his uncle. Instead, five years after setting up his business, he is thinking of forming a private limited company. Amin would sell shares in his new company to friends and relatives but he wants to keep most of the shares himself. He is very busy repairing computers and fitting new computer systems for the large number of customers who appreciate Amin's IT skills and like the personal service that he offers. He wants to raise capital to pay for a bigger workshop and two new vans. He plans to employ at least two other engineers. Amin is also thinking of recruiting a manager to help him deal with customers and the accounting side of the business. Amin has been told that when he creates a private limited company his 'personal risk will be reduced but that he will still own most of the business'. 1. Explain two advantages and two disadvantages to Amin of converting his business into a private limited company. 2. Do you think that a private limited company is the appropriate form of organisation for Amin's business? Justify your answer

Unable to find an answer to your question?

Don't worry! There are several alternative approaches you can try to resolve your query. Here are some tips to help you find answers in different ways:

1. Reframe your question: Sometimes, the way you phrase your question can limit your search results. Try rephrasing it using different keywords or providing more context to get better results.
2. Utilize social media: Post your question on social media platforms, particularly those focused on professional or specialized topics. Twitter, LinkedIn, and Facebook groups can connect you with individuals who may have relevant expertise or experiences to share.
3. Consult subject matter experts: Reach out to experts in the field related to your question. Many professionals are willing to help and share their knowledge. You can connect with them through email, LinkedIn messages, or by attending relevant conferences or events.
4. Use our website to find your question through the search box above, or you can sign up to ask your question for our big educational community. Our experts will review your question, and you will get a quick and quality answer.
5. Collaborate with others: If your question is related to a specific project or problem, consider collaborating with others who might have complementary skills or knowledge. Teamwork can lead to innovative solutions and shared insights.

Remember, the process of finding answers often involves persistence, creativity, and an open mind. By exploring various resources, reaching out to others, and being proactive in your search, you increase your chances of finding the information you need. Happy quest for knowledge!