What form of a Business will this be?

This is a decision every entrepreneur needs to make early in the process. Obviously you need to understand the options in hand and their pro's and con's. I must say, both you and me are lucky. There is an excellent website for reference (created by Government of India) at http://business.gov.in/starting_business/location_industry.php.

The forms a business can take are:

• Proprietorship
• Private Limited Company
• Partnership Firm
• Co-operatives
• Public Limited Company
• Join Hindu Limited Business

Details of each of these forms of Business, are available at the website given above.

I chose a 'Private Limited Company' mainly because most of the clients are willing to work only with a 'Private Limited Company' or a 'Public Limited Company', not to forget the excellent governance framework the government puts in place in the form of the Company Law.