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Choose the Right Business Structure
Not sure which company type suits you? Here’s a quick breakdown.
Private Limited Company
A private limited company is a most common and famous form to start a business. Any 2 or more people can start a business under the form of a private limited company.It is best suitable for Startups who may raise investors funding.
One Person Company
A One Person Company is ideal business structure for individual who want to start solo company without partners. It offers the benefits of private limited company, including limited liability, legal recognition, and making it perfect for solo startups.
Limited Liability Partners
A Limited liability partnership is a partnership firm registered under MCA records wherein some or all the partners have their limited liability and are not responsible for another partner’s misconduct. It is a better version of a partnership firm.
Partnership Firm
A partnership firm is a form when 2 or more partners come together to do a business and divide the profits in an agreed ratio. However, in this form partners are liable for losses in the business as well as responsible for debts.
Sole Proprietorship
A sole proprietorship well known as individual entrepreneurship is a kind of firm that is owned & handled by a single person on his/her name. The sole proprietorship receives all the profits and has unlimited responsibilities for losses & debts.
Public Limited Company
A Public Limited Company is a business structure at least 7 shareholders and 3 directors. It allows companies to raise capital by offering shares to public through the making it ideal for large businesses seeking growth.
