Commentary

13 Disadvantages of incorporation

CLUBS vol 7
| Commentary

13 Disadvantages of incorporation

| Commentary

13 Disadvantages of incorporation

The disadvantages of incorporation are general ones such as the cost of formation, the adherence to the statutory rules regarding the filing of company accounts and the fact that company records are open to public inspection1. An audit is generally no longer required unless the turnover of the club exceeds £10.2 million and the balance sheet totals more than £5.1 million2.

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