A private limited company (LLC) is a legal person created by law - TopicsExpress

A private limited company (LLC) is a legal person created by law that controls its actions, and governs its powers via the Articles of Association (AA). This formation enables an enterprise to source capital to capture business opportunities, and it mandates the management to operate in accordance to powers granted by the companys AA to reinforce shareholders confidence of the enterprise. Also shareholders get to keep track of business through regular reports and returns filed with the Registrar. There is framework for the enterprise and a great opportunity for the shareholders to increase their stakes as businesses grow or opportunities present to to firm. A great wat to go! It is a legal entity created by law, distinct and separate from its owners. Dr Johnny Quek Teo Hoe

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