How to Register company Name in 2020

1. Choose business structure The very first step is to select the business structure your choose of business structure affects the way you file for taxes, your everyday tasks, and how much your personal assets are at risk if your business fails. Because the business structure you choose affects so much, it’s important to choose a business structure suited to you. Below is listed a brief overview of some of the most common business structures. Sole proprietorship: This is the default business structure. If you never select a business structure but operate your business, then you are considered a sole proprietorship. In a sole proprietorship your business and personal assets and liabilities are not separated. Partnership: This is the business structure for two or more people that own a business together. There are various types of partnerships. In a limited Read more…

How to Register Your Company in India in 2020

Types of business structures in India. 1. One Person Company (OPC) Introduced recently in the year 2013, a One Person Company is the best way to start a company if there exists only one promoter or owner. It allows the owner to carry on his work and still be part of the corporate world. 2. Limited Liability Partnership (LLP) LLP is a separate legal entity, in an LLP the liabilities of partners are only limited only to their agreed contribution. Limited liability partnership (LLP) is a kind of partnership in which a select few or all partners have limited liabilities. In LLP, all the partners are not responsible or liable for another partner’s misconduct or negligence. 3. Private Limited Company (PLC) A company in the sight of law is regarded as a separate legal entity from its founders it has shareholders (stakeholders) and board Read more…