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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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The high costs of undertaking an IPO is one reason why many smaller companies stay private.
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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.
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Difficult and Expensive to set up: Setting up a limited is more difficult than sole proprietorship.
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May 22, 2023 · Limited Life Span: A sole proprietorship is tied to the life of its owner.
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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.