What are the disadvantages of a private company​

One of the main disadvantages of a Private Limited Company is that it restricts the transfer ability of shares by its articles. In a Private Limited Company the number of shareholders in any case cannot exceed 50. Another disadvantage of Private Limited Company is that it cannot issue prospectus to public. Increased government and regulatory scrutiny. Public companies are vulnerable to increased scrutiny from the government, regulatory agencies, and the public. ...Strict adherence to global accounting standards.

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