Private Limited Company को आसान भाषा में समझिये - YouTube

Press the bell icon while subscribing to the channel

So that you will get the notification of the latest finance video

Hello, my name is Mukul

And you are welcome to the Asset Yogi

Friends, I am going to share very important information in this video

If you want to start your business immediately or in future

So you must have heard many people saying that you should start a Private Limited Company.

People say that the Private Limited Company has more benefits

So I see one very big advantage in this.

The word "limited" in private limited company

This is its biggest advantage

Now, what is this advantage?

I will talk about the same in this video.

So if you want to start your business in future

Then this video is going to be very important for you.

Keep watching this.

(Music)

So when we start a business,

then what are the options that we have?

We will try to understand the same.

The very first option that you have is that you can work as an individual.

As an individual, either you can workly directly

Give the cheques by your name only,

As an individual, file your tax returns

Or you can register yourself as the proprietorship firm.

In the name of the proprietorship firm, your cheque will come

But you will file your tax return in your name as an individual

For example, many professionals use the proprietorship firm

Like chartered accountants, engineers, consultants,

Interior designers, architects, etc.

See there's a very big disadvantage of proprietorship firm.

And that is unlimited liability

Understand unlimited liability

If you have taken a loan for your business

or you have some liabilities,

You owe money to someone.

Or you owe money to the suppliers

Then you have unlimited liability

For example, you have taken a loan of 1 crore from any bank

Then whatever assets you have, your assets

The bank can sell your assests and recover their money

Please understand this thing very carefully

Because when I will talk about the company

Then the concept will be changed somewhat

Now I will talk about the second option.

If two or more than two people want to work,

if you want to start your own company then you can register your partnership firm

You'll need a minimum of two persons as directors.

I'll give you an example of that also

For example, A has 70% ownership and B has 30% ownership

So in this too, they can work in the name of the company,

they can open their accounts, can file tax returns.

But there is a very big disadvantage here too.

And that is unlimited liability

If there are some liabilities of the company, if they have taken some loans

We will take the same example if the company has taken a loan of 1 crore Rs

And they cannot pay that off

So whoever is the director here

Then they will have unlimited liability upon them

The example that we had taken, if A has 70% shares of the company

And let's say he has assets of only 40 lacs

And he cannot give 70 lacs Rs

The 70 % will be 70 lacs.

Then also if the B has more assets, all assets of B will be sold

Bank will do its recovery by selling all the assets of A and B.

In this, your house could be sold, your cars could be sold,

All your assets can be auctioned

The third option that we have is a private limited company

As I have told you already in private limited

Limited means a limited liability

Now let's understand what is this limited liability

We will take the old example itself

Let's say A and B are two shareholders

They have started a private limited company

A has 70% shareholding and B has 30% shareholding

So now A and B are two identities, these are two individuals

So the company that they have started, a private limited company

It has its own identity, we call it C

Now if we take the same example

Then there is a liability of 1 crore if there is a loan of 1 crore on the company

And by chance, the company has come to declare bankruptcy

They have more losses

In this case, A and B have limited liability

And till where it is limited, it is limited to their shareholding

The money that they have invested in the company will go

Their assets will not be sold

Bank will do their recovery by selling the company's asset

The company makes their asset by the money invested by the shareholders

Some money is invested by investors or promoters

And some money is invested by the bank

So if the bank wants to recover the money

Then it can do it by selling the assets of the company

And let's say the assets of the company is worth 70 lacs

So the bank will get 70 lacs

And the bank has to write off the rest of 30 lacs

They cannot touch the personal assets of A and B

This is the biggest advantage of a private limited company

Now there are two types of a limited company

I will tell you that also

As I have talked about the partnership

So the first is an unlimited partnership

The other one is limited liability partnership, which is also called LLP

So this option is also available to you in India

You can also start a partnership firm as LLP

And the third in this is Public Limited Company

Like in the private limited company, there can be a maximum of 50 shareholders

If there are more than 50 shareholders in a company

Then we call it a public limited company

Or if the company is listed on the stock exchange

Then also it is considered as the public limited company

So whether your company is a Limited Liability partnership

Or Private Limited Company or Public Limited Company

In this, all the shareholders have limited liability

Nobody will touch your assets

So this I'm the biggest advantage of any limited company

I hope you got quite good information from this video

If you liked the video then like and share the video

If you have any suggestions regarding the video or channel

Then you can comment it below

If you haven't subscribed to the channel yet

Then subscribe and don't forget to press the bell icon

So that you will get the notification of the latest video

Let's meet in our next video

Till then keep learning, keep earning

And be happy as always