Top 5 Mistakes to Avoid When Registering a Private Limited Company
1.Understanding the Private Ltd Company – A Private Limited Company is a type of business structure that provides limited liability to its shareholders while restricting the ownership and transfer of shares. Small and medium-sized enterprises (SMEs) commonly choose this structure because it combines the benefits of limited liability with operational flexibility. 2. Key features – Shareholders of a Private Ltd. Company have their liability limited to the amount they have invested in the company. Private Ltd. Companies cannot offer their shares to the general public. A Private Ltd. Company is considered a separate legal entity from its owners. Changes in ownership have no effect on a Private Ltd. Company's existence. 3. Private Ltd. Company Registration Mistakes – 4. The following are some of the top errors in company registration - 5. Choosing the Wrong Company Name – Choosing the right name for your Private Limited Company is an i...