Business Registrations for Just LKR 39,000/-
- Battaramulla, Colombo, Sri Lanka
- Posted by Emily Jayasena
- 2017/07/10 07:55:27 GMT
Ad Details
We provide a hassle free service to get your company registered as a private limited company.
Some of the advantages of having a Private limited company instead of a sole proprietor or a partnership.
1) Once the company name approval has been obtained chances of duplicating the same name by another is none.
2) Companies pay corporation tax on their taxable profits and tend to be exempt from higher personal income tax rates. Forming a company instead of continuing as a sole proprietor or partnership opens the door to more tax-deductible costs and allowances redeemable against profits.
3) Private limited companies has the advantage of getting the necessary financing for the company to expand and increase efficiency on productions of a company.
4) Business continuation is permanent because a private company is considered as another individual entity which would not be affected by a single director resignation or loss of an shareholder.
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