Detailed Category on the Limited Liability Company
If your Business targets for Profits and wants to limit your liability, the best will be Limited Liability company . But as a founder, you have two Options ; it can be either Private limited Company or Public Limited Company.
|Private Limited Company||Public Limited Company |
|What is the Difference ?||Limitation to the number of Shareholders to a maximum of 50.||No Limitation on number of Shareholders. You can have any number of shareholders in your company|
|Suitable||Single Shareholder Company||Large shareholders based company|
|Ability to realise capital||Can only call Capital from Private Parties||Can Call Capital from General Public|
|Abbreviation||Private or “Pvt.”||Limited or “Ltd.”|