View our 2020 financial prospectus brochure for an easy to read guide on all of the services offers.
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Incorporate your company online
At Taxsavo, we have experts who can help you to find out which type of entity is best for your Indian business.
“Choosing the best form of business as important as the execution of the idea. If your idea needs funding then Proprietorship, OPC and partnership cannot give the right plough back what your business needs. So, before choosing, look over all the aspects that can affect your decision of starting a business.”
Key facts to consider while choosing
For a startup, it is best to first consider whether he wants to start a business under a legal entity or under his own name.
No. of Persons Involved:
The second key fact for choosing the right form depends upon the no. of persons involved in the initial stage of the startup.
Choosing the right form also depends upon the initial capital eligibility and future funds availability.
If in the near future, funding is required in the startup, then it has to be planned in the initial stage of business.
Restriction on Personal Liability
It has to be decided in the initial stage whether the key person is liable personally or there should be a restriction.
How many shareholders can there be in a private limited company?
A private limited company must have at least two directors and shareholders and can have a maximum of 15 directors and 200 shareholders.