04 April 2014
There is as such no attractive benefits in case of Pvt Ltd Comp unless you are dealing with banks more bcoz the bank are ready to provide loans easily to comp. rather then proprietorship firm and partnership firms. Infact with benefits many liability also comes like compulsory audit, filing with ROC on time etc. I think if there is no compulsion that you want comp, then you should go for proprietorship firm or partnership firm.
04 April 2014
In case of winding up of the company, the lenders r liable to the company but not to the chairman or directors. it may b noted as one of the important features of company rather than other business entities..
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