Private limited company registration in Salem is important as it requires only minimum subscription. It is the amount which has been received by the company which is 90% of the shares is issued with certain period of time. If the company is unable to receive 90% of the amount then they cannot begin further business.
The shares of the company can be allotted to the public without receiving the minimum subscriptions in Private limited company. It is necessary for the private limited company to use the word “private limited” after its name.
A private limited company is examined as a separate legal entity. This private limited company has own identity and acknowledged as a separate company under law.
The private limited company has the greatest benefit of its limited liability. The liabilities are limited to their shares only. This company feature protects the income of shareholders and personal assets at times of any financial critical points faced by the company.
The private limited companies can pay tax on taxable profits and they are exceptedfrom high personal income tax rates.
Only two shareholders and two members are need to incorporate a private limited company. This gives many Entrepreneurs as a chance to set up their new own company.
A person can act as a shareholder, a director and an employee at the same time, when private limited company is taken into examinations. They are considered as valid too. Solubilis Corporate Services LLP is the Leading Professional firm assist you in registering Company. We register a private limited company registration within 12 working days.
transferring of shares is not as easy when compared with public companies.
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