The Benefits Drawbacks of Establishing a Private Limited Company2

The Benefits & Drawbacks of Establishing a Private Limited Company

A private limited company is a type of business entity owned by non-governmental organizations or a small number of shareholders or individuals. It is a separate legal entity from its owners and provides limited liability protection to its shareholders. Private limited companies are popular among small and medium-sized enterprises (SMEs) due to their flexibility, limited liability protection, and ease of ownership control. Types of Private Limited Companies There are three main types of p ...

One Person Company registration vs Private limited company registration in India

One Person Company registration vs Private limited company registration in India

One Person Company registration is a relatively new concept in India, and its purpose is to encourage the formation of commercial firms that are owned and operated by a single individual. It takes at least two people to form a partnership in order to form some types of corporations, such as a limited liability partnership, a private limited company, or a limited company. One Person Companies, on the other hand, enable a solitary person to have ownership of and responsibility for running the comp ...