The features of a company include:
-It has separate legal entity which is not affected by changes in its ownerships
-Can own assets and incur liabilities in its own rights
-Can sue and be sued in its own name
-Has perpetual succession-does not cease to exist upon the death of any or all of the owners
-Liability of owner/shareholders is limited to the amount paid for shares allocated
-Has the right to borrow its own account
-External audit is compulsory
-Profits are subject to company income tax
Kalis answered the question on March 23, 2018 at 07:42
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