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As far as I'm concern, since the exempt private companies are by far the most lenient as it does not have to comply many rules like what other classification of companies do. The reasons could be probably due to no public money are involve thus the advantages of the exempt private companies includes the following:
1) It does not have to disclose its financial information and accounts to the public and therefore enjoy the confidentiality of the company.
2) The exempt private company can provide loan to the directors of the company which other form of company don't.
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∙ 12y ago
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