Question

Decision on which type of company should be formed depends on _______.

• A. liability
• B. control
• C. both a&b
• D. none of the above.

Answer 1

The correct option is C both a&b

Liability and control are two important things which forms a platform for a company to start its operation.

Liability of shareholders, owners, directors should be fixed.

Control of company is the most important factor after deciding over the liability.