Public Companies are subject to several regulatory and compliance requirements. Converting to a Private Company increases flexibility, reduces compliances and reporting requirements.
The continuity of existence of the business is not affected in any way by the status of the owner, which helps in avoiding inconveniences.
If the company experiences financial distress because of normal business activity, the personal assets of shareholders will not be seized by creditors.
Scope of expansion is higher because it is easy to raise capital from financial institutions with the advantage of limited liability.