Hi all

Just wondering if anyone else is confused about the questions on
consequences of incorporation. In the examiner's reports, answers
discussing separate legal personality in too much detail were
criticised.

I do not have much in my notes on the other consequences- limited
liability, transferability of shares, perpetual succession, large
membership, taxation, legal actions and statutory obligations. I would
only be able to write one line or two for each of them. Anyone else
finding the same problem?

Thanks

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