Dear All,
Do you know how can I registra for my company? How much do it cost? How to start a company with lowest cost?
Regards
Tyson
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As far as I know the main difference between sole proprietor and Private Limited is that:
For the former its' liabilities are your personal liabilities, means you have to risk all your asset to cover all the debts when you go bankrupt.
For the latter you will benefit from limited liability for debts incurred. This means that, should your business get into difficulties financially, you and the shareholders of your company would only stand to lose what you originally invested.
For the former its' liabilities are your personal liabilities, means you have to risk all your asset to cover all the debts when you go bankrupt.
For the latter you will benefit from limited liability for debts incurred. This means that, should your business get into difficulties financially, you and the shareholders of your company would only stand to lose what you originally invested.
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