What is the difference between a private limited company and a sole-proprietorship or partnership?
A private limited company is a company which enjoys certain advantages such as (i) separate entity; (ii) limited liability i.e. liability of the company does not extend to its shareholders; (iii) perpetual succession i.e. in death of a member will not affect the continuance of the company and etc.
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- Why people change from partnership to a private limited company?
- difference between partnership and private limited company