tutor 2u

private limited company (Ltd)
A private limited company is the most common form of company. The shares of a private limited company are not available to the general public to buy and sell on a recognised stock exchange. The company is owned by shareholders.
AdvantagesLimited liability – by far the most important advantage of incorporation. Limited liability protects the personal wealth of the shareholdersEasier to raise finance – both through the sale of shares and also easier to raise debtStable form of structure – business continues to exist even when shareholders changeProvides more privacy of information than an public limited company
DisadvantagesGreater admin costs (though much cheaper than being a public company)Public disclosure of company information (annual report & accounts + annual return)Directors’ legal duties (set out by Companies Act)
What motivates someone to start a business?
The popular perception that the main motivation for starting a business is just to make money - i.e. to earn a return from making an investment and taking a risk.
There is certainly plenty of evidence to support this perception. However, research suggests that there are many more reasons why someone wants to start a business.
Here are some of the motives that are often quoted by entrepreneurs:
More control over working life – want to choose what kind of work is doneNeed a more flexible work schedule, including being able to work from or close to homeFeel that skills are being wasted and that potential is not being fulfilledWant to escape an uninteresting job or careerA desire to pursue an interest or hobbyFed up with being told what to do – what to be the boss!Want the feeling of satisfaction from building a businessWant more of the rewards from the effort being put inFed up with working in a business hierarchy or bureaucratic organisationAs a response to a shock in personal circumstances – e.g. redundancy, illness, bereavement.
Read more ?
http://www.tutor2u.net/blog/index.php/business-studies/C360/