Benefits to start a private limited company??

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 April 2014 What are the benefits for incorporating an Private limited company instead of Proprietorship and Partnership firms?

Please reply urgent....

Harsha goyal

Harsha goyal (Expert)
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04 April 2014 There is as such no attractive benefits in case of Pvt Ltd Comp unless you are dealing with banks more bcoz the bank are ready to provide loans easily to comp. rather then proprietorship firm and partnership firms. Infact with benefits many liability also comes like compulsory audit, filing with ROC on time etc. I think if there is no compulsion that you want comp, then you should go for proprietorship firm or partnership firm.

Sandeep Dharar

Sandeep Dharar (Expert)
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04 April 2014 In case of winding up of the company, the lenders r liable to the company but not to the chairman or directors. it may b noted as one of the important features of company rather than other business entities..

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