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Type of Organization-Company
A company is registered in accordance with the Companies Act
and is a separate legal entity, distinct from its shareholders,
directors and managers. The liability of the shareholders is limited
to the amount paid or unpaid on issued share capital. A company
has unlimited life and no limit is placed on the number of
shareholders.
Company-Basic Features
Type of Organization-LLP
A Limited Liability Partnership, popularly known as LLP combines
the advantages of both the Company and Partnership into a
single form of organization. LLP is a partnership with liability of
partners limited to contribution. It is also a Body Corporate
means partners and LLP are distinct entity. LLP is formed
pursuant to LLP Agreement between the partners.
LLP-Basic Feature
Type of Organization-Partnership
Partnership is combination of two or more proprietorships, who
have agreed to pool their resources for a common objective and
with a view to earn profit. Partnerships are established pursuant to
partnership deed between the partners and they can be formed
for particular time duration or particular project and according to
the will of the partners.
Partnership-Basic Feature
Type of Organization-Proprietorship
A sole proprietorship is the oldest and the most common form of
business. It is a one-man organization where a single individual
owns, manages and controls the business. Sole Proprietor is run
and managed by its owner and he is primarily responsible for its
success and failure. The capital to get the business going must
come from either you or from loans.
Proprietorship-Basic Feature
Company-Incorporation Procedure
Company-Incorporation Procedure
Partnership-Formation Procedure
Proprietorship-Formation Procedure
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