Private Limited Company………??

[Md. Limon Hossain]

What are the rules and regulations to form a private limited company……………?

It’s very important to know all entrepreneurs to expand their business. As a student of BBA department it’s very significant for me to discuss how I can form a private limited company. I think that I choose the right palace for better discussion.

[Md. Limon Hossain]

A private limited company is a distinct legal form of business organisation.

    * A limited company is a separate and distinct legal entity from the individuals who own and operate that company.
    * A limited company is owned by shareholders who in the event of the business failing are protected by the limited liability bestowed upon them.
    * Limited liability means that the shareholders potential exposure to the debts and liabilities of the company are limited to the amount that they have agreed to contribute to the company (the issued share capital).
    * If the company fails, the shareholders liability is limited to the amount of share capital contributed by them.
    * Personal assets of directors and shareholders cannot be used to pay off the company debts.
    * A limited company continues to trade irrespective of changes in directors, secretary, management and or ownership.
    * A limited company is entitled to take legal actions in its own name (as opposed to the name of its owners).
    * May be subjected to a legal action.
    * Enter legal contracts and own property.