рдирдорд╕्рдХाрд░ рджोрд╕्рддों ,
рдЕрдЧрд░ рдЖрдк рдПрдХ рдирдпा рдмिреЫрдиेрд╕ рд╢ुрд░ू рдХрд░ рд░рд╣े рд╣ै рдпा рдХрд░рдиा рдЪाрд╣рддे рд╣ै рддो рдХौрди рд╕े рдЯाрдЗрдк рдХी Business Entity рдЖрдкрдХे рд▓िрдП best рдЖрдЗрдпे рдЬाрдиेрдЧे рдЗрд╕ рдм्рд▓ॉрдЧ рдоे
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)