Advantages and Disadvantages of Private Limited Company

  • April 23, 2020
  • CA Chandan Agarwal's Office

Before starting a business, there are many things that run through our mind and one question that comes to everyone’s mind is whether to incorporate a private limited company or not? What are the benefits of private limited companies? Are there any disadvantages of a private limited company?

Private Limited Company:

A Private limited company is formed lawfully with limited liability or legal protection for its shareholders but that places restrictions on its ownership.

A Private Limited Company is a company which is privately held for small businesses. The liability of the members of a Private Limited Company is limited to the number of shares respectively held by them. Shares of Private Limited Company cannot be publicly traded.

Read on me: https://taxguru.in/company-law/advantages-disadvantages-private-limited-company.html

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