For Start-ups and growing companies Private Limited Company is the turning to be the most popular legal structure for business in India as it allows outside funding to be raised easily, limits the liabilities of its shareholders and enables them to offer employee stock options to pull in top talent.
Key Features of Private Company-
- Requires a minimum of 2 directors.
- No minimum capital requirement.
- Limited Liability for Members.
- Greater capital contribution and greater stability.
- Possibility to grow big and expand.