AAT Level 3 Business Awareness Practice Questions - AAT Level 3 Diploma In Accounting (Q2022) - Business Awareness (BUAW) Exam

Which feature most clearly distinguishes a limited company from a sole trader?

A limited company never pays tax A limited company is a separate legal entity from its owners A limited company cannot employ staff A limited company must always be listed on a stock exchange

Correct Answer:

A limited company is a separate legal entity from its owners

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