Characteristics of a CV The following are the characteristics of a CV Founded by at least people one person as an active partner the other as a passive partner An active partner will act to manage business activities and be free email address list philippines fully responsible for all risks. A passive partner is only responsible the amount of capital he deposited into the company Advantages The advantages possessed by CV are The form of CV is well known to the public making it easier for companies to take part in various activities.
CV is easy to obtain capital because banks trust it. It is easier to develop because it is held by people who are experts and trusted. CV is more Flexible Profit sharing is given to limited partners and is not subject to income tax. Disadvantages. The disadvantages are Establishment is more complicated because it is done through a notarial deed and registered with the Department of Justice. The legal status of CV business entities is rarely chosen by capital owners or several large projects.