Tag Archives: Start Business

How many persons are required to start a proprietary concern? A sole-proprietorship concern shall be set up by an Individual. If more than one person wants to start a business, they have to choose among other options such as partnership firm, limited liability partnership (LLP) or a company.   Where …

How many people are required to start a private limited company? There should be at least 2 people to start a private company in India.   Should both of them be Indians? Not necessary. Even foreign nationals or only foreign nationals can also start a company in India.   Whether …

Setting up a business in India: One can set up a business in the form of a proprietary concern, a partnership firm, a limited liability partnership, one person company or a private limited company. Let’s understand the various options available to set up a business in India.   What are …

1. How many persons are required to start a One Person Company (OPC) As the name suggests, OPC shall be set up by an Individual person. No company or a firm can start OPC 2. Where to register OPC? OPC is governed under the regulations of Ministry of Corporate Affairs …

1. How many people are required to start a limited liability partnership (LLP) There should be a minimum of 2 people to start an LLP 2. How much time does it take to set up an LLP? It takes around 15-20 working days to set up an LLP. The setting …

A foreign company has to set up either a private company or a branch office in India. Setting up a branch in India requires an approval from Reserve Bank of India (RBI)   Where to apply for getting branch office license in India? Foreign companies/entities desirous of setting up of …

  Mr. Gary an Industrialist, one day called me from US. He wanted to avail our services for setting up a wholly owned subsidiary Company in India. Through the conversation with him I understood that he had made enough research about setting up a wholly owned subsidiary Private Limited Company. …

  As we had mentioned in our previous article, there are three ways to start a trust/ NGO. They are setting up a trust under Indian Trust Act, setting up a society under Cooperative Societies Act or Section 8 Company under Companies Act 2013. Erstwhile Section 25 Company (under Companies Act, …

One of the oldest (and time tested) form of business entity is Partnership firms. If two or more people agree to carry on a business they can look at setting up firm rather than private limited company. The maximum number of partners can’t exceed 20 people. It is easy to …

Proprietary Concerns Mr. Samarth, a young boy came to our office to know about the procedure of setting up a company for him. He wanted to serve as a freelancer to a US company in the software industry. When I asked him, he said he has no plans of joining …