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Types of Business Entities for Starting Business in India

Types of Business Entities for Starting Business in India

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Maha Law Associates

B- Wing, 2nd Floor, Sakai Devi Apartment, Near Sar, Thane, Maharashtra
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Type of Service Provider Individual Consultant
Location local area
Mode of Service Offline
Project Duration as per work
Type of Industry / Business all type
Service Duration as per work

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Sole Proprietorship
This is the most common type of business entity. Sole proprietorship means that there is a sole owner who funds as well as operates the business. Being one of the simplest forms of business entities, it is relatively formality free with no rules regarding records required to be kept, no requirement of having your accounts audited and no requirement of filing financial information to the registrar of companies.
Partnerships
Partnership is a type of business entity, where you are partner with other individuals to own and run the business. On a higher level, they can be viewed as collection of sole proprietors. In case of partnership form of entity, you get access to a bigger pool of capital, skills and other resources to fund and run your business. All partners contribute capital equally, share profits and losses equally and have an equal say in business decisions, unless otherwise provided in the partnership deed.
Limited Liability Partnership
The LLP shall be a body corporate and a legal entity separate from its partners. Any two or more persons, associated for carrying on a lawful business with a view to profit may by subscribing their names to an incorporation document and filing the same with the Registrar, form a Limited Liability Partnership.
Corporate Entity
This type of business entity is most common and preferred type while starting a business. A corporate entity is a separate legal entity from its founders, shareholders and managers. The liability of the shareholders is limited to the paid-unpaid capital that is issued as part of the company. Thus, in case of bankruptcy, the personal assets of the founders/managers are not affected. A corporate entity needs to keep record of accounts, audit their records and file an annual report and return with the registrar of companies.

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Types of Business Entities for Starting Business in India

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About the Company

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IndiaMART Member SinceFeb 2014
Maha Law Associates is formed by Advocate Mahendra Madhukar Padhye, B.A. L.L.B. Advocates High Court, Maharashtra and with his team providing all kinds of Indian legal assistance globally with highly skilled legal professionals and para legal persons. The entire team of lawyers is providing seamless legal services in all the fields of law under one roof at all levels with wide network. We provide solutions to all multi-jurisdictional legal problems through our highly qualified and experienced team. Simple and easy solutions to complex legal problems with consistency & quality of services is our main objective which we have been providing to several individuals, groups, business houses, industrial houses, Commercial establishments, Corporations, Multinationals etc.
The group mainly consists of Indian lawyers, Indian Attorneys, Indian solicitors, Indian Advocates who have established an Indian legal advice forum to provide legal services at all levels with highly specialized and core group of Indian lawyers. If you are looking for Indian attorneys for any specific legal services, your lawyer search in India ends here! The services being provided at the law firm are the services of civil lawyers, criminal lawyer, bail lawyers, trade mark attorney, custody lawyers, divorce attorney for men, divorce attorney for women, mortgage lawyers, business attorneys, business solicitors, mortgage advocates, copy right lawyer, forex lawyer, property lawyer, intellectual property attorney, taxation lawyer, banking lawyer, labour lawyers, guardianship lawyers, international trade lawyers, arbitration lawyers, cyber lawyer, telecom lawyer, Probate lawyer. Our experts deal in legal advice, Indian legal outsourcing, legal drafting services in India, legal technology consulting, business legal advice.
A brief description of the services being provided at our law firm are described in various pages of the this website which will give you an idea about the quantum and magnitude of legal services which we are providing. Our head office is located at Virar, Thane Near Mumbai hence our Mumbai desk of legal services is the strongest and we maintain a Mumbai Lawyers directory with a wide network of advocates in Mumbai as well as advocates in India. Our law firm in Mumbai provide all services under on roof with highly specialized team of qualified legal professionals.
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Patrakar

Flat No. 206 To 208, B- Wing, 2nd Floor, Sakai Devi Apartment, Near Saraswat Bank, Virar East
B- Wing, 2nd Floor, Sakai Devi Apartment, Near Sar
Thane - 401305, Maharashtra, India

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