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The most common and simplest form of business is sole
proprietorship. Many small businesses operating
in India are sole proprietorships. An individual
proprietor owns and manages the business and is
responsible for all business transactions.
The partnership serves as an answer to the needs of greater capital investment, varied skills and sharing of risks. Partnership firm is ideal for small businesses that plan to remain small.
One Person Company is a new type of business entity that allows a single entrepreneur to operate a corporate entity with limited liability protection.
Private limited company is the most popular corporate entity amongst small, medium and large businesses in India due to various advantages.
Limited Liability Partnership (LLP) offer limited liability protection for an association of persons doing business. LLP is ideal for small businesses.
Public Limited Company is the ideal choice of corporate entity for medium and large sized businesses that raise equity capital from the public.
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