Monday 9 March 2020

Private Limited Company, Corporation, and Public Limited Company Status

Private Limited Companies, Ltd and Corporation status can be very misleading in many respects. At one extreme, they look like business entities with limited liability. But at the other end of the spectrum, they look very similar to businesses or corporations, yet have very limited rights.

As a small company, you should be aware of what you are getting yourself into. There are so many issues that you need to think about when it comes to your paperwork.

In order to save yourself time and money, you should do your research and consider applying for a Private Limited Company, Corporation, or Private Fictitious Company (PFC) registration documents. This article looks at a few key areas, and how they relate to limited company status.

These are all very important if you want to run a business, or become an owner of a small company. As such, it is worth spending some time to look at these areas before you go ahead and register your company.

CA Services
Payroll Processing
Book Keeping
Trademark Registration
Copyright Registration
MSME Registration
Import Export Code
Annual Compliance Package
Statuatory Audit
Tax Audit

If you only want to be an owner of a small company, or run your business from home, then you will only need to register your company with the Companies House. Many companies will still require you to register with the Small Business Registry first.

However, if you want to be more than just a small company, then you will also need to register a Public Limited Company (PLC). This gives you the capacity to do more than just run your business from home. You can also use the PLC to trade more internationally.

The requirements for registering a Limited Company vary from jurisdiction to jurisdiction. For instance, there are certain circumstances where you cannot register in Northern Ireland and are only allowed to register in England and Wales.

Therefore, before you finalise the paperwork, you need to check which jurisdiction you are in. There are some factors that affect this, and many factors that affect whether you need to register a Private Company or Corporation. It is worth looking at all of these things when you're preparing for your company registration.

Again, if you want to run your business from home, or from a home office, then you will only need to register your company with the Small Business Registry. If you want to do more than that, you will need to apply for both Limited Company, Limited Liability Company, or Public Limited Company. Your Home Office can do it for you, but it can take a longer time.

If you do not have a business and just want to hold on to a small amount of money, then you can register your company as a Charitable Foundation. This will give you limited liability, but no other rights.

Public Companies can carry on trading without making any profits. This is often useful if you want to sell a business and still keep some money in your pocket for expenses.

Private Companies, LLCs, and Fictitious Companies (PFCs) require a lot more paperwork and can take a long time to get through. If you want to ensure that you comply with all relevant documents, you will need to pay a fee to have them processed, as well as advice from the business solicitor or accountant.

1 comment:

  1. We invest time and effort to understand your needs. Our team of economic advisors and private tax advisors is there to help you not only in registering a company in Delhi and India, but also to provide a wide range of financial services. This way, your business will run smoothly and efficiently.Private Limited Company Registration in Delhi

    ReplyDelete