Getting Started with a Limited Company
Dear Friend, Now days India experiencing boom in start-ups. Current Govt. is providing various facilities to new entrepreneurs to start and fund their ventures. A Private Limited Company is most preferred business structure for starting new venture. In this post we will discuss the advantage and characteristics of pvt ltd company, which make its best from other options:- Advantage of Pvt Ltd Company Separate Legal Entity: The shareholders and directors are separate from company. They are not liable for liability of company. Uninterrupted Existence: Since Shareholders/ directors are separate from company, hence company can exist even after the death of any/all shareholders/ directors. Free Transferable : Shares of a Pvt ltd company is free and easy as compared to proprietorship business. Ownership is separate from management : The Status of Directors and…