Registering the business with relevant authorities to obtain necessary licenses and permits.
Ensuring compliance with local laws and regulations governing business operations and taxation.
Setting up operational processes, such as accounting systems, hiring employees, and securing financing if needed.
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Partnerships are formed by two or more individuals sharing ownership and responsibilities. This structure allows partners to pool resources and expertise while sharing risks and profits, fostering collaboration in business ventures.
An OPC allows a single entrepreneur to establish a separate legal entity with limited liability protection. It provides the benefits of a corporate structure while allowing sole ownership, making it advantageous for small businesses and startups.
LLPs combine the advantages of a partnership with limited liability protection for its partners. It offers flexibility in management and operational efficiency, particularly suitable for professional services and medium-sized enterprises.
A private limited company is a separate legal entity where ownership is held by shareholders. It offers limited liability protection to its owners and is suitable for businesses aiming for growth, access to funding, and long-term stability.
Public companies offer shares to the public and are regulated by stringent compliance requirements. They provide access to capital markets for funding expansion and growth, making them suitable for large-scale operations and investors seeking liquidity.
Trusts and societies are entities formed for charitable, educational, or social purposes. They are governed by specific regulations and offer tax benefits for philanthropic activities, serving as vehicles for promoting social welfare and community development.
