The CEO Magazine
A monthly magazine for business leaders and decision makers
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Liability

Advantages of Initiating a Private Limited Company

Advantages of Initiating a Private Limited Company Puja Bhardwaj | The CEO Magazine Private Limited Company is the most famous type of business entity in India. It limits owner liability to their shares and restricts shareholders from publicly trading shares. The registration of Private limited company is governed by the Companies Act, 2013 and the Companies Incorporation Rules, 2014. To register a private limited company, there is a need for a minimum of two shareholders, and the maximum number of members is 200. A…

Limited Liability Company: Profit and Loss

Limited Liability Company: Profit and Loss Puja Bhardwaj | The CEO Magazine The limited liability company is based on great flexibility and it requires less paperwork. This business entity provides limited liability protection features of a corporation and the tax efficiency and operational flexibility of a partnership. In this kind of company, owners are not taxed as a separate business entity but, all profits and losses are distributed among each member. The members of the company report profits and losses on their…
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