Sunday, September 7, 2008

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

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.

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