https://instabizfilings.com/blog/characteristics-of-private-limited-company
A private limited company is a type of business entity that private stakeholders own. One of the key benefits of this structure is that it offers limited liability protection to its shareholders. If the company faces any financial difficulties, the shareholders' assets are protected, and their liability is limited to the number of shares they hold.With the startup ecosystem thriving nationwide, more and more people are leaping to start their businesses. As a result, it's essential to understand the different types of business registrations available, including sole proprietorship, limited liability company, and private limited company. Each type has its own set of advantages and disadvantages of LLP, and choosing the right one can make all the difference in the success of your venture.β¦