Paper Writing Service - HelpWriting.net đ â Quality You get an original and high-quality paper based on extensive research. The completed work will be correctly formatted, referenced and tailored to your level of study. â Confidentiality We value your privacy. We do not disclose your personal information to any third party without your consent. Your payment data is also safely handled as you process the payment through a secured and verified payment processor. â Originality Every single order we deliver is written from scratch according to your instructions. We have zero tolerance for plagiarism, so all completed papers are unique and checked for plagiarism using a leading plagiarism detector. â On-time delivery We strive to deliver quality custom written papers before the deadline. That's why you don't have to worry about missing the deadline for submitting your assignment. â Free revisions You can ask to revise your paper as many times as you need until you're completely satisfied with the result. Provide notes about what needs to be changed, and we'll change it right away. â 24/7 Support From answering simple questions to solving any possible issues, we're always here to help you in chat and on the phone. We've got you covered at any time, day or night. Disadvantages Of Separate Legal Entity Introduction During this 21st century, we find that almost every nation has companies set up and these institutions play a major role in the nation s economy. We can find that new companies are being incorporated almost in a daily basis under the Companies Commission of Malaysia, in accordance with Companies Act 1965(The Act). However, we realised that the concept of separate legal entity derived its mere foundation from Salamon v. Salamon Co Ltd which dates back to several centuries. Characteristics of Separate Legal Entity Salamon v. Salamon Co. Ltd has a significance principle that has been recognised universally. Refer to s16(5) in The Act, once company is registered, the new company is a juristic person that separate from its members. Likewise, company has the full responsible on its own debts and contractual...show more content...Company reduces tax paying by splitting the income through imputing dividends: Hobart Bridge Co Ltd v FCT . Disadvantages of Separate Legal Entity Although doctrine of separate legal entity has the greatest importance in company law, it contains weaknesses that could be arguable. Professor Kahn Freund described the doctrine as calamitous because it arise many issues, such as How is it possible to check the one man company and other abuse of company law? Separate legal entity is inadequate for complex problems . Due to limited liability, company creditors interests are not protected . Creditors need to bear the risks inherent when dealing with limited company. Shareholders are discouraged from monitoring and controlling the business due to the benefits of limited liability. Furthermore, the principle of