Fancy Furry Felines Pty Ltd (FFF) is a company that retails products for cats both through physical shops and online. The online business has boomed throughout the pandemic. The company is classified as a large proprietary company for the 2020/21 financial year. The directors of the company, Sid and Nancy, are considering whether FFF should become a public company (although not listing on the ASX at this stage). Required: Explain to Sid and Nancy the advantages and disadvantages of keeping the company as a Pty Ltd company or transforming it into a Ltd company.

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Fancy Furry Felines Pty Ltd (FFF) is a company that retails products for cats both
through physical shops and online. The online business has boomed throughout the
pandemic.
The company is classified as a large proprietary company for the 2020/21 financial year.
The directors of the company, Sid and Nancy, are considering whether FFF should
become a public company (although not listing on the ASX at this stage).
Required: Explain to Sid and Nancy the advantages and disadvantages of keeping the
company as a Pty Ltd company or transforming it into a Ltd company.

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