Incorporating an Entity
Looking to Start a business??
To Start a business the biggest question anyone faces is How??
Which is where we can pitch in and guide you on how you can reduce your Present and Future compliance cost and increase your efficiency by taking the right decision at the very first step, Incorporation.
There are multiple forms in which a company can be incorporated starting from Proprietorship, Partnership, LLP, Private Limited, Trust etc.. Team AAGC helps you decide the best suited form of entity tuited for your immediate needs as well as future goals.
Some key considerations that an Entrepreneur faces at the time of Incorporation of an entity are:
Minimizing the incorporation cost
How will the taxation differ in different form of entity
How many regulatory authorities do I have to report to
Which entity is best suited if he is seeking external / internal funding
How can the regular compliance cost be minimized
Which form of entity would bring in more credibility
How to minimize liability if my venture doesn't work the way I plan to do it
Cost of Winding up
While most of the people will tell you the way to incorporate an entity, they will certainly not guide you why you should form one and that's where Team AAGC brings the difference.
Types of Entities...
Limited Liability Partnership
One Person Company
Private Limited Company
Public Limited Company
A business formation in which an individual and his/her organization are viewed as a solitary substance or entity for the Tax and risk purposes. The proprietor is indivisible from the proprietorship, so he/she is obligated for any business obligations. Likewise called sole proprietorship.
The proprietor of a sole proprietorship ordinarily signs contracts in his or her name, because the sole proprietorship has no different character under the law. Sole proprietors can, and frequently do mix individual and business property and assets, something that associations, LLCs and partnerships can’t do. Sole proprietorship regularly has their financial balances for the sake of the proprietor.