BUSINESS ENTITY FORMATION

If you are planning to start your business, one of the first questions you need to ask yourself is what kind of business structure or trading vehicle suits your needs? This will help you define how the business is organized and dictate what rights and obligations the business has. Depending on the stage of the development of your business, different structures may be more or less suitable. For most start-ups and small businesses, the most common structures are sole proprietorship, partnerships, and companies - private & public. Here we shall explore these options.

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SOLE PROPRIETORSHIP

  • Sole Proprietorship

  • Partnership under the Indian Partnership Act, 1932

  • Limited Liability Partnership under the Limited Liability Partnership Act, 1908

  • Companies under the Companies Act, 2013

  • Trusts under the Indian Trust Act, 1882

  • Societies under Society Registration Act, 1860

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Types Of Entities

  • Sole Proprietorship

  • Partnership under the Indian Partnership Act, 1932

  • Limited Liability Partnership under the Limited Liability Partnership Act, 1908

  • Companies under the Companies Act, 2013

  • Trusts under the Indian Trust Act, 1882

  • Societies under Society Registration Act, 1860