Having a private limited corporation has both advantages and disadvantages. One advantage is lower taxes, something everyone likes. Another advantage is in the name of the corporation limited liability which means you cant be personally sued. There are a few more but on to disadvantages. The major disadvantage of a private limited corporation is the fact that they can not be publicly traded to
. gain capital. Try http://www.diyaccounting.co.uk/answers/private_limited_company_advantages.htm for more information.
