Sole Proprietorship vs. Partnership vs. Corporate vs. Limited Liability Company – Various ways of forming a business organization

What is a Limited Company ?

Limited Company : When we say XYZ Pvt Ltd or Public Ltd, what we mean by the word 'limited' in this context is the liability of the shareholders. It means, the liability of the shareholders, for the debts of the company, is limited to the extent of the share capital subscribed by them. Let us …

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