What are the practical benefits of a company?
I mean i know that it has limited liability, perpetual sucsession.
But what i want to ask is what is the reason that people want to convert their business into a pvt. limited company?
How do they stand to benefit form it?
Check the following link to find your answer...
The very important benefit of the company is that it is distinct entity. Practically speaking being a legal body people will have much reliability in dealing with Company than that of dealing with a sole proprietor. Apart from those benefits which are worded in huge books. The above is one of the biggest benefit of a company that i personally feel.
Regards
Rashi Tiwari
CAclubindia
