A sole proprietorship is the simplest and most common structure chosen to start a business in India. It is an unincorporated business owned and run by one individual with no distinction between the business and, the owner. The owner is entitled to all profits, controls and he is responsible for all the business’s debts, losses and liabilities.
Since the name of a Proprietorship is not registered, a Proprietorship can choose to have any name as long as it does not infringe on a registered trademark. However, if the name is not registered as a Trademark, any other person can also use the same business name... [read more]
With regard to Partnership firm we provide the following Services
A private limited company is the most common and popular type of corporate legal entity in India and which comes into existence by the process of incorporation. After a company is incorporated, it becomes a distinct entity from those who invest their capital and labour to run the company. The registration/ Incorporation of a Private Limited company is governed by the Ministry of Corporate Affairs ("MCA"). Companies are incorporated & regulated under the Companies Act, 2013 and the Companies Incorporation Rules, 2014.
The minimum requirement for a Private Limited Company... [read more]
As per section 2(62) of the Companies Act, 2013, “One Person Company” means a company which has only one person as a member. OPC is a package that combines the benefit of Sole Proprietorship and company form of business. One Person Company of sole-proprietor and company form of business has been provided with concessional /relaxed requirements under the Companies Act, 2013.
KEY FEATURES AND ADVANTAGES OF LLP
A trust can be formed as per Section 4 of Indian Trust Act 1882 for a lawful purpose. A trust should have a document written and signed by trustees or a sole trustee. A trust can be formed through a will also. Therefore, there is no definite form to create a trust. Objectives of the trustee should be clear and unambiguous.
A minimum two persons are required to form a trust which can be set up by executing a trust deed on non-judicial stamp paper after paying necessary Stamp duty as applicable. Trust deed enumerates the aims and objects and mode of management of the trust. Minimum two trustees are required to register Trust... [read more]
A Society / Association is an organized group of people with the sole aim and objectives of non-profitable service. Societies are governed by the Societies Registration Act of 1860 or its versions in force in different states. Unlike trusts, a society has a more democratic process and procedures with membership and an elected body to manage the society. Registration of such a Society/Association will have legal recognition and thereby makes it possible to run society legally with discipline. Society can sue and be sued. A minimum of 7 persons who have attained the age of 18 years can form a society or an Association... [read more]