Sole proprietorship is the simplest form of business structure that is owned, managed and controlled by the sole owner. The expert team at lawdef can assist you in giving wings to your dream of becoming the entrepreneur by registering a Sole Proprietorship firm at Just Rs. 1498.00.
The sole
proprietorship is not a legal entity rather it just refers to a sole
person who owns the business and is personally liable for its debts.
This is one of the most popular forms of business structure for micro
and small businesses operating in the unorganized sectors due to its
simplicity, ease information and nominal cost.
However, sole proprietorship is generally not suitable for the medium scaled and large scale businesses due to the array of disadvantages like unlimited liability, no separate legal entity, non-transferability and limited life of the business.
According to the current rules and regulation there is no prescribed mechanism for the registration of sole proprietorship firm. Thus, the registration of a proprietorship can only be recognized through tax registrations and other business registrations that the business is required to have as per the rules and regulations.
Partnership Firm
Get the partnership firm registered
If you desire to start your business on a small the partnership firm can prove to be an idol option for you. A partnership firm can be registered or not. If you desire to start your own partnership firm the team of lawdef strives to become your partner of choice.
The Partnership firm is the association of two or more individuals who come together to earn profits arising out of the acts of any one or all of these partners. This business structure is managed and operated according to the terms stated in the Partnership Deed. In it is not at all mandatory to partnership firm registration. However, it is advisable to get the partnership firm registered.
Whether you desire to start the limited liability partnership of the Partnership firm the incorporation experts at Lawdef can provide you the end to end solutions.
One Person Company Registration
As its name rightly suggests One Person company is the company structure that can be incorporated with sole member. The concept of One Person Company was introduced in India through the companies Act 2013.
This concept was introduced with the aim of empowering the sole members to start their own company without worrying about any second person. With the introduction of the Concept of OPC there has been significant boost in the Indian economy. One important thing to be noted about an OPC it will be mandatorily converted to the private limited company when it’s paid up share capital exceeds 50 lakhs and turnover exceeds 2 crores.
Lawdef is one of the leading tech driven portals offering the services of One Person Company Registration, private limited company registration, trademark registration etc.
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