A Private Limited Company is a voluntary organization of not less than two and not more than two hundred members, whose liability is limited i.e. the transfer of whose shares is limited to its members and who is not allowed to invite the general public to enroll to its shares or debentures. The Indian Companies Act, 2013 contains the provisions concerning the legal formalities for setting up a private limited company. Advantages Of Online Private Limited Company Risk in the business minimizes due to limited liability, If the company experiences financial difficulty because of normal business activity, the personal assets of shareholders will not be at risk of being seized by creditors. Tax load reduces there are many allowances and tax-deductible costs that can be offset against the profits of a company and the tax would be paid after deducting any costs incurred by you. Continuity of existence people may join or leave the company, but the company is stable. Whether or not you are ther...
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