What do you mean by Private Limited Company?
Private limited company means: to start Pvt ltd Incorporation in Jayanagar minimum 2person and maximum 200 and they don’t issue public shares and PVT ltd should be added at the end the company name
Characteristics of Private Limited Company
Procedure to get registers for Pvt ltd registration consultants in Jayanagar
First, they have applied for DSC (Digital Signature Certificate) and DIN (Director Identification Number)
Advantages of the company
*limited liability: as company owners are not legally forced to pay outstanding company debts and it protects the personal assets of the person
*Professional status: A limited company is usually seen more professional operation than the unincorporated sole trader
*Protect your business name: when you register your company name in the registered office you are protected and other businesses/companies cannot use the name or logo this will protect your business
*Raising capital: you can raise your capital by issuing shares to the public and that can improve or grow your company capital investment in business
What are the disadvantages of private ltd companies?
*Legal requirements: There are required lots of requirements such as completing/maintaining annual accounts in business/company
*Getting paid: like a sole trader who takes his money out of his business without any permission/restriction but not in private ltd company it is more complicated he has to make legally transfer of money to him in the form of salary he doesn’t have rights to use company money/income for his personals use
*Setting up and closure: starting a private limited company in simple form but you need to register with the registered office and to inform HMRC and have to pay some certain amount/ fees.
How to get Private limited company registration in Jayanagar
You are at the right place, called consultry where you can register your company Pvt ltd Incorporation in Jayanagar and consultry is one of the top company in Bangalore and consultry are providing best online services to the client
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