Password must be 8-15 alphanumeric characters with these requirements
- Minimum one number (0-9)
- Minimum lowercase letter (a-z)
- Minimum one uppercase letter (A-Z)
- Minimum one special character "#?!@$%^&*-+<=>"
- Example password 99azTR?!@
When you buy a private limited or a ready-made company you must take into account many factors and first of all you have to take your time to investigate what exactly you are buying. Limited private company is a figure of Mercantile Registry in which the partners (individuals or legal entities) buy shares of capital stock of a company through shares. These shares may have different and favored values as set out in the articles of incorporation of the company. The key feature of private limited company is the responsibility for the debts of the shareholders to the company: the shareholders are in no way responsible with their private assets for the debts that the private limited company may have and will only respond with the capital provided at the moment of its formation.
Three partners register a private limited company with a share capital equal to 100,000 USD and a property in Panama registered in the name of the company. Each partner has 2 flats in their names (as individuals). The private limited company carries out activities in the country where it was registered and gets into the debts amounting to 250,000 euros. In a case of a lawsuit due to the debts to the bank by default only the share capital (100,000 USD) and the property in Panama may be seized. However, the bank cannot seize the flats that the partners have as individuals because the shareholders do not respond to the debts with their personal assets.
A key feature that has to be taken into account when buying a private limited company is its opacity. Depending on the jurisdiction where it is incorporated, it can give to the final beneficiary more or less anonymity. Also it is essential to contract a liable lawyer in a case if the private limited company in going to issue bearer shares and thus hide the identity of the shareholders.
To buy a ready-made private limited company is a safe, quick and easy process, the most important aspect of which is to consider the reputation of the law firm that registered the company and verify that the company doesn’t have accrued debts that you will contract once becoming a new owner. Depending on the country where it is registered, the newly purchased company can be written in your name within 24 hours without the need of your physical presence. The most common jurisdictions to buy private limited company with high share capital and bearer shares are Belize, Seychelles and Panama.
The main advantages of buying a private limited company are:
The main disadvantages of buying a private limited company are the following: