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Unfortunately the director and the company secretary, can not be the same person. May 8, 2023 · Limited liability: This is one of the biggest advantages of a Private Limited Company.
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  • To put it simply, a limited company will offer your business distinctive financial, legal, and professional.
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    The high costs of undertaking an IPO is one reason why many smaller companies stay private.

  • Before you set up a limited company, you should maybe consider some of the advantages and disadvantages compared to be being a.
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    Apr 30, 2021 · Despite how similar they sound, the public and private sectors have nothing to do with public and private companies.

  • Finding one can take more time compared to creating a strong IPO, so it's important to implement a high-quality budgeting process.
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    Difficult and Expensive to set up: Setting up a limited is more difficult than sole proprietorship.

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  • (Confusing, we know.
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    May 22, 2023 · Limited Life Span: A sole proprietorship is tied to the life of its owner.

  • A company limited by guarantee doesn’t have shares or shareholders but members, rather like a club.
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    Another disadvantage of private limited company is that it cannot issue prospectus to public.

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    Unlike a private limited company, a public limited company can offer shares of the business to the public.