Ltd. company
Querist : Anonymous
Right now I am running a partnership firm. We have good future plans for our business like start manufacturing and will also involve in online retail business. So my question here is that I want to convert my firm into Ltd. Company rather for Pvt. Ltd. company. Than want would be the implication for such initative ? My motive behind to convert is that I will get good funding opportunities in future course of my business. Right now I am start-up firm in book trading. In my situation what would be the best practice, a pvt comapny or Ltd. Company? I do not want to go with LLP.
in my opinion PVT LTD company would be a better choice in your case. As you will be required to follow a lot of compliance in case of public company unlike pvt company ans as far as funding is concerned there are lot of options available to raise funding.
Kindly let me know whether this solution has solved your query.
Regards,
CS Sumat Singhal
Still i would advise you to go for public company path for true expansion of ur business.
RG
Querist : Anonymous
What you suggest?
Querist : Anonymous
What you suggest?
- there is no limit on no. of shareholders in Ltd Co. So you can raise money from as many people you want.(pvt co have limit of 50 shareholders)
- Further you can also go for Public Issue as you mention in your context. (private ltd co can not go for public)
- can easily transfer shares
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