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A proprietor of an enterprise intends converting his business into a limited liability company. He also intends to have
Posted: Wed Apr 06, 2022 9:06 am
by answerhappygod
- A Proprietor Of An Enterprise Intends Converting His Business Into A Limited Liability Company He Also Intends To Have 1 (49.35 KiB) Viewed 33 times
A proprietor of an enterprise intends converting his business into a limited liability
company. He also intends to have shareholders made up of 5 members as against 6 members proposed by his wife in a discussion. He has approached you as a postgraduate student in taxation to advise him on the relevance of the number of shareholders in a limited liability
company setting. Required: Advise for tax planning purposes, the relevance of numbers of shareholders. (5 marks)