Private Limited

What do you mean by Private Limited Company?

Most of the start-up businesses choose to operate as a private limited company. Unlike working as a sole trader or being in a partnership, a limited company is known as a legal entity in its own right. It has a different structure and more complex requirements like different tax and legal obligations.
Mostly, private limited companies are small because of no minimum capital requirement for incorporating a limited company aside from the issuing of at least one share.

Here are some benefits: 1. Separate Legal Entity, 2. Free & Easy transferability of shares, 3. Uninterrupted existence, 4. Owning Property.