Advantage of pvt ltd company???
This query is : Resolved
01 March 2013
what is the advantage of a private ltd company when compared to a proprietorship and a partnership firm??..are 50 members compulsory for a pvt ltd company????
01 March 2013
sabitha. 50 members is the maximum not the minimum limit for a pvt limited.
benefits in comparison to proprietorship/ partnership are as under:
1. limited liability
2. continuity in business. perpetual succession
3. better visibility in market/ acceptability in terms of dealing with a corporate.
but then there are several disadvantages too.
benefits in comparison to proprietorship/ partnership are as under:
1. limited liability
2. continuity in business. perpetual succession
3. better visibility in market/ acceptability in terms of dealing with a corporate.
but then there are several disadvantages too.
01 March 2013
can u let me know what may be the disadvantages?????then the minimum is 2????
01 March 2013
1. much more legal compliances
2. higher tax cost (MAT is applicable)
3. dilution of control
2. higher tax cost (MAT is applicable)
3. dilution of control
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