Why we choose Private Limited Company Registration

1) Unique legal entity

The company normally has lots of legal liabilities and it stays as a separate legal entity. The juristic person establishes the company under certain norms and regulations in accordance with companies Act. The main advantages of a company are that the members of the company do not have personal relationship with the debts and accounts of the company.

2) Continuous Existence of the Entity

The company stays long and it holds perpetual succession until it is legally dissolved. The company always stays as a separate legal person and the death or departure does not affect the existence of the company. The change of ownership also does not have any impact on the existence of the business entity.

3) Easy Transferability

The business ownership can be easily transferred via relocating the shares. If you wanted to share the ownership of the company you can shift the shares and share certificates. In some cases the agreement of the shareholder is needed to transfer the shares.

4) Retaining the Property

The company acts as an artificial person and it enjoys the properties in its own name. The properties of the business or the entity are machinery, building, land, residential property, factory, etc. No shareholder can raise the argument upon the property of the company.

5) Limited Responsibilities / Liabilities

The limited responsibility is the status of being legally liable to the debts of the company. The liabilities of each partner or shareholder are limited to the extent of their investment to the company.