Benefits of Private Limited Company Registration in Online


Benefits of Private Limited Company Registration in Online

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There are many business benefits to incorporating your business, but two of the most important ones are protection of personal assets and pass-through taxation. When you register your business as a limited company, it separates your personal assets from the company's liabilities, which protects your personal assets in case of lawsuits or debt. In addition, LLCs allow you to count all profits as your own personal income, rather than as corporate income like corporations do.

Another advantage of a Private limited company Consultant is the ability to raise money through shares. Investors who purchase shares in your company are protected from any losses that your business experiences, as they only have a stake in the company based on their investment. This is a much safer proposition for investors than investing in a sole proprietorship or partnership, where the owner of the business is personally liable for all debts and losses.

The Registry of Companies incorporates Newfoundland and Labrador based businesses, including Not-For-Profit Corporations, For-Profit Corporations, Limited Partnerships, Condominiums, and Cooperatives. It also maintains public information on these entities and is the official registrar for incorporated businesses in Newfoundland and Labrador.

The Registrar of Company also registers Extra-provincial Corporations and Foreign Companies that wish to do business in Newfoundland and Labrador. To do so, they must submit a written application to the Registry and pay applicable fees. The application form and associated documents are available from the Registrar of Company.

 

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