Private Limited Company
Characteristics of Private Limited Company
Requirements for Private Limited Company Registration
Advantages of Private Limited Company
In a public company, regulation and ownership of shares can be sold to the public on an open market. On the other hand, in a private company, shares can be sold or transferred to other people by the choice of the owner. Shares of such company are owned by founders, management or a group of private investors. Shares here are not sold in open market. Thus there will be less number of shareholders. This means less complexity and confusion in decision making and management.
For a private company, a minimum number of required shareholders is 2, whereas, for a public company, you require a minimum of 7 shareholders.