Private Limited Company is an ideal begin for any individual who needs to begin their business to give it a different legitimate identity. Private constrained company can be framed easily and its procedural consistence are additionally simple when contrasted with that of an open organization.
A private Limited Company, or LTD, is a sort of secretly held independent venture substance. This kind of business element limits proprietor risk to their offers, confines the quantity of investors to 50, and limits investors from openly exchanging shares. We will give salary government form arrangement, revised return, responding to Department notification and illuminating other Income Tax related issues.
A private limited company can be started off with just two members who will be the shareholders and directors.
Companies enjoy better avenues for borrowing of funds when compared to other forms of business such as sole proprietorship and partnership.
A company enjoys perpetual existence unlike other forms of business i.e.,the company continues to exist irrespective of the status of the owner.
Minimum capital required to incorporate a private limited company is one lakh.
Personal assets of the shareholders will not be at risk, in the event of the company facing financial distress.
A company enjoys separate legal identity unlike partnership firms.