What Is Private Limited Company?
A private limited company is any type of business entity in “private” ownership used in many jurisdictions, in contrast to a publicly listed company, with some differences from country to country.
Below Are The List Of Private Limited Companies In Uganda
Goodman International Limited
Tridem Pharma Uganda Limited
Trustin Company Limited
Ambar International Co. Ltd
Enjaazi Limited
Canopy IT Solutions
TIAN YI Plastic industry
Forbes Enterprises Limited
MySACCO Software Uganda limited
Andon Technologies (U) LTD
Brazafric Enterprises LTD
Erimu Company Limited
Elfaeed Company Limited
Essential Communications Limited
Saracen (U) Ltd
Interlet Limited
G4S Security Services Uganda Limited
BPC chemicals
Atlas Impex Ltd
In-line Print Services Ltd
What Does A Private Limited Company Do In Uganda?
A private limited company is a type of organisation you can set up to run your business. Company ownership is split into shares owned by shareholders. A company must pay corporation tax out of any profits and can then distribute the remaining profits among shareholders.
What Do I Need To Know About Limited Companies In Uganda?
A limited company is a legal entity, which is not held by a single owner, but by a shareholder or multiple shareholders. Also known as the Limited Liability Company, limited companies allow the founder/s to disassociate their own assets and finances from the business itself.
What Is Good About A Private Limited Company In Uganda?
The most significant advantage of a private limited company is that the owners have limited liability. This means that the shareholders’ assets are protected if the company goes into liquidation. If the company goes bankrupt, the owners are only liable for the amount they have invested in the company.
What Are The Main Features Of Private Limited Companies In Uganda?
Characteristics/Features of a Private Limited Company
Members. The Act provides that a private limited company must have a minimum of two members, while the maximum members limit is 200.
Number of directors.
Limited liability.
Perpetual succession.
Authorised and paid-up share capital.
Name.
Prospectus.
Index of members
What Is The Minimum Share Capital For A Private Limited Company In Uganda?
There is no minimum share capital requirement for company formation under the Companies Act 2012 (No. 1 of 2012).
What Are The Disadvantages Of A Private Limited Company In Uganda?
Disadvantages of Private Limited Company
Registration Process. Private limited company registration on average takes about 10 – 15 days and costs.
Compliance Formalities.
Division of Ownership.
Personal Liability.
Winding Up of Company.
Advantages of Private Limited Company.
How Many Members Can A Private Company Have In Uganda?
Members: You can start a private limited company with a minimum of only 2 members (and maximum of 200), as per the provisions of the Companies Act 2013.