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Types of Business Registration in India

Types of Business Registration in India

Types of Business Registration in India

India is the fastest growing markets in the world economy.India give the opportunities for both Indian and foreign investors. Basically in India there are Five types of legal business entities which serves as a tool of planning,formal document which give the ideas of businessperson vision,mission and strategy

Types of business entities in India

  • Private Ltd Company.
  • Sole proprietorship.
  • Limited Liability Partnership.
  • One person company.
  • Partnership firm .

Private Limited Company

A Private Limited Company can have 2 to 50 members with minimum capitals of 1 LAKHS. Basically two Directors are required for registration(Family member are also included).

Foreign investment permitted

YES, in some sector 100% FDI are allowed under automatic route,while in some sector we should have need to prior permission of government.

Prices

Around 12999/-INR included all government charges.

Benefit

We found easily raise the funds from banks.

Sole proprietorship

The sole proprietorship is the simplest and easiest form of business entity which only one can operate.It is not an independent legal entity.It is sole authority of all profits and bearers all loses

Foreign investment permitted

NO.

Prices

Around 2499/-INR included all government charges.

Benefit

Sole authority of all profits,easily get startup a new company.

Limited Liability Partnership

LLP was introduced and regulated by the Indian government through the Limited Liability Partnership Act,2008.LLP is the legal business entity having the limited liability on shareholder.LLP is better than Sole Proprietorship.

Foreign investment permitted

YES, only after government approval in those sector where 100% FDI is permitted.

Prices

Around 7499/-INR included all government charges.

Benefit

LLP is better than sole proprietorship.

One person company

One person company has been introduced by Companies Act,2013.It allow a sole investor to form a company with limited liability,like a private limited company requires 1 LAKHS.

Foreign investment permitted

YES.

Prices

Around 10999/-INR included all government charges.

Benefit

Soley authority of one person like private limited company.

Partnership firm

Need minimum 2 persons for registration.

Foreign investment permitted

NO.

Prices

4499/- INR including all govt stamps.

Benefit

Best for old family business.