Legal Services
Running a business comes with both opportunities and responsibilities. Sometimes, despite best efforts, business owners may need to close a Private Limited Company. Whether due to financial challenges, strategic restructuring, or personal reasons, understanding the proper closure process is crucial to ensure compliance with legal and financial obligations.
What is a Private Limited Company?
A Private Limited Company (Pvt Ltd) is a popular business structure in many countries. It limits the liability of its shareholders to their investment and allows for separate legal identity from its owners. However, when the company ceases to operate, it must undergo a formal closure process rather than just stopping operations.
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