21 November 2011
In unlimited company, liability of members is not limited, and in guarantee company, liability of member is limited to the amount which they agree to give (guarantee) at the time of liquidation.
I am not of the view that these company are convenient for growth, as they have either high risk or limited scope.
Limited company (by share) will give better growth due to limited liability and free transferability of share.
CAclubindia
