Proprietorship firm

It is kind of business structure which is unorganized and controlled by single person/ owner. Proprietorship firm is not exactly governed by any act in India. Not ideal for foreigners to set up this entity.

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Partnership firm

Image by Megha showing two partners shaking hands
Partnership firm is between partners governed by Partnership Act, 1932. Partners have unlimited liability in case of frauds. Terms of partnership given under Partnership deed.

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Limited Liability Partnership

When one starts his business, it comes to his mind which entity to choose, LLP is one the Business structure which is best suited for Small and medium businesses.There are different factors on which one decides which entity to choose. LLP has taken some features from Partnership firm and some from Private Limited.

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Private Limited company

One of the best advantages to start Private Limited Company is that it has limited liability and very renowned business structure in India. Minimum 2 Directors and minimum 2 shareholders required to start Private Limited Company. In case of funding, this is best structure to go with.

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Wholly owned Subsidiary company

When 100percent shares of Indian company is owned by another company registered, it is called Wholly owned Subsidiary company. Generally, wholly owned subsidiary companies are set up by foreign companies. They set up in India as India is one of the preferred locations to do business.

One Person company

As the name depicts, it is owned by one person who is citizen of India and resident in India. OPC is not a business structure for foreign individuals. Small businesses who wish to operate in organized structure with one person should opt for One Person Company. When OPC gets registered, it is named “XYZ (OPC) Private Limited”

Public Limited Company

As the name depicts, when all the shares are exposed to public at large, it’s called Public Limited Company. So, they are big in size and investment. Minimum number of shareholders is 7 while maximum is unlimited. The next level to this is getting your Public Limited Company listed at stock exchanges.

Branch office setup

The main purpose to set up Project office in India is to execute project in India for a specific period of time. Generally non resident entities which are engaged in turnkey projects prefer this business structure.

Project Office set up

The main purpose to set up Project office in India is to execute project in India for a specific period of time. Generally non resident entities which are engaged in turnkey projects prefer this business structure.

Liaison office set up

As the name depicts Liaison office is established to show link between foreign company and Indian company. If the foreign entity wishes to set up a channel of communication and not perform any business activity in India or earn income, then, Liaison office is apt business structure.

Society registration

In India, societies are registered for social cause and not for profit earning. Minimum 10 members are required if being registered at all India level. Depending upon the purpose of formation of Societies, the members can apply for license for accepting donations under society to keep running for social welfare.

Trust registration

Public Trusts are created for charitable and religious purposes in India while Private Trusts are created by families to benefit particular group of individuals may be family members who are beneficiaries.