QUESTION OF THE DAY: What are the pros and cons of a Section 8 company?

Pros of Section 8 Company:

1. Tax benefits

2. No/ Minimal stamp duty

3. Minimal share capital

Cons of Section 8 Company:

1. Increased compliance

2. Profits can’t be distributed

3. Profit should not be the motive

For information on Company Registration, visit https://www.parpella.com/one-person-company-registration