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What Kind of Business Entities you Can Set Up in the Indian Economy?

What Kind of Business Entities you Can Set Up in the Indian Economy?

Submitted by • June 3, 2020 targetorate.us

Selecting the business entity is an important decision in itself. The type of business and its planned vs. expected growth can be the basis for the decision on setting up the business. The type of business entity you select will depend on three fundamental factors: liability, taxation and record-keeping.

Types of Business Set-ups
Indian markets are wide enough for business-minded people to sell their products and services. The businesses entities here enjoy several privileges and face obstacles based on the nature of their business and the size of the organization. The following are the types of business entities one can set up in India:

Sole Proprietorship
It is for a single-handed trading and small business, which usually has a limited ability to raise capital, limited scope for growth and undivided profits. In this type of model, the liabilities and taxes are borne by the owner of itself. It is the most flexible to form and dissolve setup with least legal hassles, at minimum expen

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Voted by targetorate12

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