00:01
In the given question, we have to tell how management and legislation can contribute to the success and failure of a personal liability company.
00:15
So, we will write management and legislation's contribution towards, first we will write success of a personal liability company.
00:41
Then we will write about the failures.
00:47
So, here we can write effective management practices ensure streamlined operations, strong financial performance and stakeholders satisfaction because everything is going on in a positive way.
01:33
Management is able to handle the work properly, satisfaction and compliance with legislation prevents legal issues because everything we are doing as per the law and it helps us to safeguards our assets and helps us to establish credibility of personal liability company.
02:31
Why? we will write it down here.
02:35
Inadequate management can leads to results in poor decisions, operational inefficiencies, customers dissatisfaction and the financial losses.
03:22
Financial losses...