Overview
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Its dream of everyone to be Managing Director of his Business, and one can fulfill this dream by registering or incorporating his business as a company.
Private Limited Company registration is the most popular and most desirable option for doing business. A private limited company can have a minimum of two directors, two shareholders with the maximum limit of twelve directors, and two hundred shareholders. It has a distinct person under the law, and there is limited liability of the shareholders of a private limited company. In a case of default, banks/creditors can only sell the Company's assets but not the personal assets of the shareholders. That's why a company registration is the best option to start a business as a registered company. It is essential to start a business as a registered company because a registered company has multiple advantages from easy to register to easy to dissolve.
Today, maximum Start-ups, E-commerce, Information Technology Service Provider, Professionals, Manufacturer, Traders, and growing companies prefer registered his business as a private limited company as it allows private equity funding and other outside funding. It also enables offering employee stock options to his employees to pull their moral on top.