Kevin Fitzpatrick, MD and his two brothers set up Solar Solutions Ltd in their home town of Kilduff, to produce solar panels for private and commercial buildings - Leaving Cert Business - Question 2 - 2012

Limited Liability: This means that if a business goes bankrupt, shareholders are only liable for the amount they invested and cannot lose more than that amount.

Continuity of Existence: This indicates that the company continues to exist independently of the owners. If a shareholder dies or leaves, the company does not dissolve and continues its operations as usual.

1. Job Creation: The establishment of Solar Solutions Ltd creates new employment opportunities in Kilduff, helping to reduce local unemployment rates.

2. Economic Growth: The business attracts other enterprises, such as suppliers and local services, thereby stimulating the local economy and infrastructure improvements.

A grant is a non-repayable source of finance provided by the government or other organizations to support specific projects. One advantage of a grant is that it does not require repayment, allowing businesses to maximize their resources without incurring debt.

1. Providing Quality Products: Ensuring that all solar panels meet high standards and perform as advertised.

2. Transparent Pricing: Keeping pricing clear and fair, avoiding hidden costs or misleading promotions.