Private Limited Company Registration in Chennai? Solubilis provides fast and cost effective methods for company registration services for its clients in Chennai. Your private limited company registration in Chennai can be done within 12 working days..
The private limited company is a proven, successful business model. The Shareholders may operate the business themselves, or hire directors to manage the company on their behalf. Forming a private limited company results in protection of personal assets, access to more resources, financial assistance and greater tax benefits.
The benefit of private limited companies is limited liability. Private limited companies are treated as a single entity, making the company responsible for all debts. If anything happens to the company, its members are not personally affected; members are only liable for unpaid shares. "Officers of the company retain their company salaries, they cannot be made bankrupt and they are free to form a new company. Fraud is the only instance of unprotected liability. If creditors lose money through director fraud, the directors' personal liability is without limit.
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