I have a private limited company. Do you have a private limited company? Do you have the desire to establish a Private Limited Company? In order to create a private limited company, you need join hands with a couple of people interested in the business, raise capital and register it with a department of company registration office in your town.
Do You Have a Private Limited Company?
- Thread starter nomad
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I do not have a private limited company but I think it will be a very good move.
The steps to create a private limited company can vary depending on the country, but in general, the process involves the following steps:
- Choose a unique company name and register it with the relevant government agency.
- Draft the company's articles of association and memorandum of association. These documents outline the company's structure, governance, and objectives.
- Appoint directors and shareholders. A private limited company must have at least one director and one shareholder.
- Register the company with the relevant government agency, such as the Registrar of Companies.
- Obtain any necessary business licenses or permits.
- Open a company bank account.
- Register for any taxes, such as corporate income tax and value-added tax (VAT), if applicable.
I do not have a private limited company. I prefer just to do work on a freelance basis. Setting up a private limited company involves some costs, such as paying for business registration, getting an auditor to audit your account and file your tax return annually.
Now, i don't need PLC licence because am not planning to own a company with other partners. I want to grow my business first before planning of entering into partnerships.
I currently don't have any company that I own. However I have considered owning one when I will start my dream businesses in the coming near future. However it requires more capital to own and manage one in my country .
I am not at the level where I can incorporate more companies yet, therefore a sore proprietorship company does work for me. This whole year I will be working with a sore proprietorship company and corporative. It is still enough for me to achive most of my objectives and goals.
It is true that when you have not I gotten to the stage of developing a big company, you will settle for sole proprietorship.
