Private Limited Company - 4 Advantages

1. 4 Benefits of Setting up a Private Limited Company www.e-sandhurst.com

2. Private limited company has been a successful business model for several companies over the years. Establishment of a private limited company brings various benefits including asset protection and other financial benefits. Take a look at these 4 benefits now: www.e-sandhurst.com

3. LIMITED LIABILITY Private limited companies are considered a single, separate entity. If something happens to a company, the members and their personal assets wouldn’t be impacted by it. If the company becomes insolvent, company assets will only be used to pay off the debts. www.e-sandhurst.com

4. PERPETUAL SUCCESSION Perpetual succession refers to business continuity. There’s a popular saying – directors may come and go, members may come and go, but the existence of the company remains forever. Private limited companies possess this characteristic. www.e-sandhurst.com

5. EASY TRANSFER OF OWNERSHIP When there’s a requirement to transfer the ownership, all you need is to transfer or sell the shares to the one purchasing the company. This also facilitates change in ownership and management. www.e-sandhurst.com

6. TAX BENEFITS Private limited companies are usually exempt from higher personal income tax rates. Forming a private limited company can bring in various tax-deductible costs and allowances too. www.e-sandhurst.com

7. Establishing a private limited company is advantageous, but not for everyone. Understand your business objectives and determine if establishing it as a private limited company is best for you. For more details, visit www.e-sandhurst.com www.e-sandhurst.com