“Limited Liability” has a price tag
Exempting companies from having to file audited accounts will hamper the economic recovery rather then assist it.
Limited liability, as far as corporate bodies are concerned, has always been a privilege – the privilege being that the entrepreneur can operate without the fear of losing his home or his personal assets. But everything has a price tag and this privilege also has to come at a price, and the price happens to be full disclosure of audited accounts.
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Malta Business Weekly
By Josef Busuttil
Malta Association of Credit Management