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Starting a New Business in India
Setting up a business is the first step to fulfill your dream of being an entrepreneur. To make this dream a reality, you have to first establish it in eyes of law. Every business structure in India derives from different characters and is beneficial for different business activities. Therefore, the first thing you do is to plan and discuss your business requirements with our experts and end upon the suitable business structure for you. The popular business structures in India are Proprietorship firm and Partnership firm with corporate entities like Private Limited Company, OPC and Limited Liability Partnership, each serving varied needs of the businesses.
Popular Options
Sole Proprietorship Firm
A proprietorship firm is the most popular business structure to start a business in India, but it is an unorganized structure.
Most of the entrepreneurs start their business journey with this structure.
LLP
A Limited Liability Partnership is the hybrid structure of a Private Company and a Partnership Firm. It is best suitable for services including professional consultancy apart from small and medium scale businesses.
Partnership Firm
It is a partnership when two or more person come together for profit from a business. This structure is best suitable for small and medium scale businesses with an additional benefit of lower compliances.
Private Limited Company
A Private Limited Company is a corporate structure preferred by start-ups and entrepreneurs in India. This ensures limited liability of owners and numerous options for funding.
One Person Company
One Person Company is a type of Private Limited Company but with a different structure. It is a company which is owned by a single person but unlike a proprietorship firm, it is a corporate structure.
Section 8 Company
Section 8 company is a special entity registered with a sole objective of charitable purpose. Unlike a trust, this is a corporate business structure that ensures the limited liability and a separate existence.
Indian Subsidiary
This structure is exclusive of foreign nationals and entities that want to step into the Indian market. Registering an Indian Subsidiary is a prime way to easily establish their business as a corporate structure.
Producer Company
Producer company is the corporate entity that is engaged in an activity connected to any primary produce (in relation to farming) of its active members. It is formed by at least 10 individuals.