“The corporate form is the normal solution that the law and business practice have evolved…” (Hahlo: Cases and Materials on Company Law, 1987, p.19) The limited company is the most advanced form of business association today. What factors in your opinion led to the emergence of the company?

 The need for large scale investment for large scale production to satisfy surging demands of the market
 The need to limit the liability of entrepreneurs with respect to debts and other obligations of the company

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