Entity

BUSINESS

The Corporation

A corporation is the most formal business entity. It is a legal entity that is separate from its owners (shareholders). In the eyes of the law, a corporation is a legal person.

1/31/20232 min read

person using laptop on white wooden table

BUSINESS

Sole Proprietorship

Single, small business owners often choose this type of business organization. It is not a legal entity separate from the business owner. In most cases, it is a fictitious name that someone does business under, such as Tim’s Plumbing Service. The name is just a trade name instead of a legal entity.

1/26/20232 min read

two men facing each other while shake hands and smiling

BUSINESS

A Partnership

A partnership is a separate legal entity created by two or more individuals who engage in business for profit. Partnerships are not difficult to set up and operate, but to protect each partner, a comprehensive partnership agreement should define each person’s interest, liability, and role within the partnership.

1/26/20232 min read

woman placing sticky notes on wall

BUSINESS

The Limited Liability Company

A limited liability company (LLC) is a legal business entity that is separate and apart from its owners (members). LLCs combine some of the best advantages of a partnership with the advantages of a corporation. Each state passes laws that govern the creation and operation of an LLC.

1/26/20232 min read

BUSINESS

Private Limited Company

n India, company registration can be completed online through NeehitInfo. Private limited company is the most common type of legal entity that is preferred by millions of Indian Entrepreneurs and popular startups like Flipkart, PhonePe and Swiggy. A private limited company can be registered online in less than 10 days at a very affordable price.

10/25/20222 min read

BUSINESS

OPC Registration

One Person Company in India is a new concept that has been introduced with the Company's Act 2013. One Person Company in India is incorporated by a single person. Before the enforcement of the Companies Act 2013 a single person was not able to establish a company. An OPC has features of a Company and the benefits of the sole proprietorship. Earlier if a person had to establish a business then he or she should only opt for a sole proprietorship.

10/25/20222 min read

About

Contact

Submit a story

Neehit info Ltd © 2023

Terms & Conditions

Privacy policy

Subscribe to our newsletter and never miss a story.

We care about your data in our privacy policy.