| Commentary

14.1 Introduction

| Commentary

14 The benefits of separate legal personality

14.1 Introduction

There are five main benefits which are generally considered to flow from starting a new business through a vehicle with separate legal personality:

  1. 14.1.1

        the availability of limited liability;

  2. 14.1.2

        greater scope for separating ownership from management;

  3. 14.1.3

        greater flexibility in raising finance;

  4. 14.1.4

        continuity; and

  5. 14.1.5

        ease of disposal.

Each of these benefits is now considered in turn.

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to LexisLibrary or register for a free trial