Private limited company is a company which is held by small group of people. Minimum 2 persons are required to incorporate a private limited company. Usually they have a great brand value as they are called as perpetual person, means people may come and people may go but company will stay forever. In India, there are a lot of Partnership firms but they had a major drawback that if one of a partners engages himself in any scrupulous activity and incurs losses, all the partners are legally liable to compensate for losses. Whereas in case of Private limited company, shareholders’ property can’t be attached for director’s scrupulous activities. All losses have to bear by company itself and in case company doesnot have sufficient funds, the company will have to liquidate but shareholders don’t have to give a penny other than uncalled amount of their shares subscribed.
Finlogic can help you incorporate your Private limited company in Just 15 days with very competitive prices. Following are the main advanatges of incorporating a company :