Currently, many organizational and legal forms are available for enterprises. They differ, for example, from the companys obligations liability point of view. One of the interesting solutions is a private limited company. Currently, a private limited company is one of the most popular types of enterprise. What is the main reason?Copy HTMLCopy text
Currently, many organizational and legal forms are available for enterprises. They differ, for example, from the companys obligations liability point of view. One of the interesting solutions is a private limited company. Currently, a private limited company is one of the most popular types of enterprise. What is the main reason?
Why is a limited company a popular solution? Pros and cons of the company
It is understandable that a private limited company is very popular among entrepreneurs. This is because the business owner is not responsible with all his assets for the obligations of his business. His liability is limited to the amount of the contributed capital (shares).
Nowadays, various companies use this legal form: production, transportation and logistics are just examples of them.
Moreover, in many cases the status of a private limited company increases the prestige of organization. Private limited company it is often seen as a more reputable entity. This certainly helps in acquiring customers and increasing your market share.
Of course, the private limited company also has some drawbacks. These include, for example, the obligation to maintain quite complicated accounting. Moreover, in a private limited company the submission of financial statements is obligatory. For this reason, accounting costs are much higher.
Moreover, running a private limited company requires … a partner. Contrary to appearances, this obligation often discourages entrepreneurs. They have difficulties in finding a business partner and trusting him – trust is also an important element of business success.
Private limited company abbreviation
The abbreviation for limited liability companies is very simple and distinctive. It is simply “LTD” from the words “limited”.
In other European Union countries, abbreviations are also used to denote a limited liability company. For example, in Poland it is “sp. z o.o. “. Such abbreviations are allowed by economic law. Abbreviations are used, for example, when issuing invoices, commercial contracts. They can also be found on the company seal and in the official name of the company. Last but not least, this popular abbreviation “LTD” can also appear on advertising material.
Running a limited liability company is a difficult task
As you already know, running a private limited company has many benefits, but also means new challenges. This is why professional support and mentoring in tax and accounting matters is an absolute “must have” in the case of a private limited company.
Polishtax.com is the best choice you can do. Advantage of this companys offer is undoubtedly a very good idea. Polishtax.com provides:
- support provided by experienced tax and accounting specialists,
- comprehensive service, a wide range of services,
- low prices.
Thanks to the help of Polishtax.com, you will no longer have to worry about tax and accounting issues. These matters will be solved by experienced specialists and you will be able to take care of the development of your business.
