Some advantages of a private limited company are limited liability, ease of use and that it is a legal entity; disadvantages include the required paperwork, limited growth and the expenses involved. Limited companies are small businesses usually comprised of family or close friends. These companies
The advantages of a holding company are protection from losses, limited legal liability and the potential to limit tax liability, according to Investopedia. Disadvantages include limited knowledge of subsidiary operations and industries, conflicts of interest among shareholders and owning unprofitab
A limited liability company is a legal business structure formed by single or multiple owners called members. LLCs are registered in a state, and the state requirements for filing vary. A primary trait of an LLC is that it is treated as a separate entity from its owners.
Computers are a wonderful, modern convenience. They make writing easier, banking more convenient and schools, offices and factories more efficient. There are, however, disadvantages to using computers, such as loss of jobs, academic dishonesty, theft and invasion of privacy.
The primary advantage of specialization is that a business or worker can build a reputation for expertise in a given area. A major drawback is that specialization limits opportunities to develop in other areas, which is challenging when demand for the specialization wanes.
The advantages of accounting include evaluating an entity's financial performance, tracking its progress and reporting the figures to its stakeholders. Disadvantages of accounting include complex rules and sometimes arbitrary or conflicting accounting standards. Regardless of its pros and cons, acco
Privatization is advantageous because it improves efficiency and profitability, prevents political interference and increases competition. According to The Guardian, privatization is disadvantageous because it can create private monopolies and a focus on profits rather than public interest in the de
According to Dr. Dianne Berman of Santa Monica College, the advantages of federalism include the ability to experiment with policy, empowerment of local government, opportunities for direct democracy and decentralization of power. The disadvantages of federalism include conflict between regional and
Advantages of boxing include stress relief and an improved self-image, while the main disadvantage is a potentially higher risk of brain damage. It is thought that heavy blows inflicted upon the head and brain could be a precursor to certain diseases.
Licensing establishes businesses and individuals as reliable and trustworthy but leaves them subject to regulations and with little control over markets and even personal conduct. Licenses afford businesses and individuals some degree of legal protection by ensuring that their ideas and products are