नमस्कार दोस्तों ,
अगर आप एक नया बिज़नेस शुरू कर रहे है या करना चाहते है तो कौन से टाइप की Business Entity आपके लिए best आइये जानेगे इस ब्लॉग मे
VARIOUS TYPES OF BUSINESS ENTITIES
- Sole Proprietorship
- Partnership Firm
- Private Limited
- LLP (Limited Liability Partnership)
- OPC (One Person Company)
SOLE PROPRIETORSHIP
Designation - Proprietor
Definition - It is a one-man entity & there is no difference between owner and entity. All the liability is on the owner himself. that means he takes all profit & loss himself.
Registration- No registration needed One Govt. certificate required for current account opening.
Compliance- LOW
Setup and annual cost - None
PARTNERSHIP FIRM
Designation - Partner
Definition - Partnership is owned by two or more people where the ownership and share in the profit & Loss are split between the owners in a ratios at which they assigned & mutually agree. partners are collectively called firm.
Registration-
Registration under the partnership act 1932 , Partnership deed is mandatory.
Compliance- LOW
Setup and annual cost - 3000 to 5000 Rs
PRIVATE LIMITED
Designation- Director
It is a business entity formed under COMPANIES ACT 2013
Registration-
it is registered under MCA (Ministry of Corporate affairs)
Compliance- High
Setup and annual cost - 15000 to 20000
LIMITED LIABILITY PARTNERSHIP
Designation - Partner
It is a business formed under LIMITED LIABILITY PARTNERSHIP ACT 2008 it has a separate legal Entity.
Registration-
it is registered under MCA (Ministry of Corporate affairs)
Compliance- Moderate
Setup and annual cost - 10000-15000
ONE PERSON COMPANY
Designation- Director
Similar to private limited but only with one director
Registration-
it is registered under MCA (Ministry of Corporate affairs)