We will help you in floating various forms of business entities from a simple Sole-Proprietorship to complex Public Limited Company in India. We are providing the following business incorporation services.
A sole proprietorship is a form of business organisation, wherein a single person owns, manages and controls, all the business activities and the individual who operates the business is called as a sole proprietor.
The term partnership, is used to mean a business structure wherein two or more individuals, come together for undertaking a lawful business and have agreed to share the profits and losses arising from it. The management and operation of the business should be performed either by all the partners or any of them, acting for all the partners. The Partnership is the relation which subsists between individuals, who have decided to pool their money, skill and resources in business, to share profits and losses, in an agreed ratio. The members of a partnership, are jointly known as the partnership firm and severally known as partners.
One Person Company
The Companies Act, 2013 introduced the concept of One Person Company in India in order to support entrepreneurs capable of raising their own venture. This venture allows them to create a single person economic entity. In case of a One Person Company registration, only one member should be there while registering this form of a company while in the case of a Limited Liability Partnership firm or a Private Limited Company, there must at least be 2 individuals in order for registering the company.
Private Limited Company
A private limited company is a company which is privately held for small businesses. The liability of the members of a private limited company is limited to the amount of shares respectively held by them in a company limited by share. Whereas the liability of the members is limited to the amount guaranteed in case company limited by guarantee Shares of Private Limited Company cannot be traded publically.
Public Limited Company
A public limited company is a legal designation of a limited liability company. This means that the public company grants limited liability to the owners and management. It offers shares to the public and has limited liability. The shares can be acquired by anyone though initial public offerings or through stock market trade. Such offerings are beneficial in raising capital for the company. The rules and regulations are most stringent as compared to the Private limited company. This is because the funds invested in the company also belong to the public.
Limited Liability Partnership
Limited Liability Partnership (LLP) is a new corporate structure that combines the flexibility of a partnership and the advantages of limited liability of a company at a low compliance cost. In other words, it is an alternative corporate business vehicle that provides the benefits of limited liability of a company, but allows its members the flexibility of organising their internal management on the basis of a mutually arrived agreement, as is the case in a partnership firm.