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1. Centralisation - a company is managed by board of directors elected by the members of the company.
2. Common seal - since the company is a separate entity it is necessary for it to sign papers and documents.
3. Perpetual succession - a company exists indifferently until it is liquidated.
4. Legal personality - it has entity separate from that person contributing capital.
5. Limited liabilities - each shareholder is only liable to the amount of capital he has contributed to the company.
Jonmhumble answered the question on October 23, 2017 at 20:59
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