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One Person Company in India was introduced to support entrepreneurs who on their own are capable of starting a venture. In OPC, a single promoter gains full authority over the company, therefore, the said person will be the sole shareholder and director.
With introduction of OPC in Companies Act, 2013, now only one person in India can incorporate a Company start its business as a separate legal entity.
Limited Liability, Continuous Existence, Greater Credibility, One Person as a member.
Private Limited Company is one of the highly recommended ways to start a business in India. Register a company today to get funding and tax benefits.
Easy transferability, Limited Liability, funding, separate legal entity.
Big organisations which are interested to grow their business on a larger scale and attract investors to invest in their business have primary choice of incorporating Public Limited Company. Register a company today attract fundings and tax benefits.
Easy transferability of Shareholding, Limited Liability, easy fund raising, separate legal entity.
A sole proprietorship is a type of business entity that is owned, managed and controlled by one person, he is the only legal person of business. Hence makes it one of the most popular types of business used in India.
It is not required to register a proprietorship business but it is advisable to register you business for a better market exposure, branding and other benefits which are available to registered businesses only.
Simple to Begin, Very Economical, Ease of Compliance, Easy to Dissolve.
A Partnership firm is a business entity created by two or more persons who have agreed to share profits or loss of the business. A partnership firm is best for businesses whose scope is restricted to limited areas only. Partnership registration is not necessary. However, it is advisable for you to have a partnership firm registration online because an unregistered partnership firms have certain rights denied in Section 69 of the Partnership Act.
Minimal Compliance, Easy to manage, No audit requirement up to a certain limits.
Limited Liability Partnership is a new type of entity introduced in india having characteristics of both Company and Partnership. Those who want their business to be registered as a separate legal entity, should go for LLP instead of traditional Partnership business. It secure personal assets of partners in case of disputes and insolvency. Nowadays LLPs are quite popular choice of Micro and Small businesses.
Earlier the LLPs were not allowed to engage in the manufacturing business but, now manufacturing business can also register as a LLP.
Seperate Legal Entity, Suitable for all type of Businesses, Limited Liability of Partners.
In India, a non-profit organisation can be registered by following ways:
Section 8 Companies are established with objective of promoting the fine arts, science, literature, or knowledge sharing for a purposeful matter or for charity.
No minimum paid up capital, various Tax benefits under Income Tax Act, Easy registration process.
A Producer Company is a body corporate having special status and objects that is one or all of the following given in section 581B of companies act, 1956. Few of specified business activities carried out are allowed to register as a producer company and it create a different image of the specified business and helps Company to save taxes in a different ways.
Specific Business activities, Tax Savings, Special Status, Limited Liability.
Nidhi Company is the most easy and affordable way to start finance business in India. It only requires 7 persons as members and least capital.
Nidhi Company registration is the only form of company available to start the loan company in India without RBI approval. Nidhi Company can do business of accepting deposit and lending money to its members only. It cannot deal with the public directly and can only work with its members. However, one can easily make members under Nidhi Company with few documents and easy process.
Only way to start a finance business without RBI approval and at a small scale, Cheaper To Borrow, Encourages Savings, Fewer Complications.
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