Question

Explain one benefit to an entrepreneur of starting a business as a private limited company

Answer 1

It is easier to borrow money or capital without risk for the entrepreneur

Answer 2

the risk is less than that of a sole trader or a partnership because limited companies have limited liability. meaning that if the business is in debt a limited company would only pay with the capital/assets of the business whereas a sole trader or partnership would have to pay with their own personal assets.