4.0
3 Jan 2024
Current employee
Bangalore Rural
Recommend
CEO approval
Business outlook
Pros
liability for shareholders is limited. it's easy to transfer ownership by selling shares to another party. shareholders (often family members) can be employed by the company.
Cons
the company can be expensive to establish, maintain and wind up. the reporting requirements can be complex. your financial affairs are public. if directors fail to meet their legal obligations, they may be held personally liable for the company's debts.