Types of Business Registration
Today people are creating different types of businesses. To understand every business and keep track of its functioning, the government has divided the business into different categories. Based on which different types of business registration are made, which is explained below in simple words.
private Limited company
This is a company in which many people invest money armenia whatsapp data and divide the assets and liabilities of the company among themselves. Due to which both the profit and expenses are equally divided among all and the company runs.
In this, the person who bears the highest expenses is considered the owner of the company and he is also given the maximum profit of the company.
This type of company is called a private limited company and if we talk about the type of business registration then it is known as private limited company business registration.
Public Limited Company
The rules and regulations for this type of company were first made in 2013. This is a company in which the expenses of the company are taken from the money of the general public. Meaning the shares of the company are sold through the stock market and the company manufactures products with the money received.
After that, when the company makes profit, the person running the company keeps some profit and distributes the rest of the profit among the people who have bought shares in the stock market.
In simple words, business registration for a public limited company is done on the basis that most of the money for that company is coming from common people by buying shares.
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