CHOOSE YOUR BUSINESS STRUCTURE…

Nidhi Company Nidhi Company is a company that belongs to the non-banking financial sector. The core business of Nidhi Company is to borrowing and lending money between their members. Nidhi Company is incorporated with the object of growing the habit of thrift and reserve funds amongst its members. In this blog, we will discuss the meaning of Nidhi Company, its registration, advantages, and other vital aspects. What is Nidhi Company all about? Nidhi Company is a non-banking financial business structure. Nidhi Company performs the functions of lending and borrowing of money within its members. Nidhi Company works through its members only. Nidhi Company is also called as a mutual benefit company. Nidhi Company promotes the art of saving and utilization of funds within its member community. Nidhi Company does not require a license of Reserve Bank of India. Companies doing Nidhi Business are also known as Nidhi, permanent fund, benefit funds, Mutual Benefit Funds, and Mutual...

The new company act has created an - entirely new business structure - OPC (One Person Company) An OPC has only one member and can be fully functional with a minimum of one director.  An OPC will essentially have the characteristic of a Private Limited Company , but with lesser compliances requirements. Although the OPC model is a new concept in India, it has been working successfully in developed nation since a long time. Traditionally any for profit business from other than a sole proprietorship requires more than one members. Similarly, a private company also requires more than at least two members. In such addition, how did single addition single fonder or promoters start a company in India .  There is a simple workaround which was used by founders/promoters  – the company would typically issue one share to a relative of the promoter (for example their father, mother spouse etc). So, that the minimum requirement of two person was satisfied. Having addit...

GETTING STARTED WITH A PRIVATE LIMITED COMPANY Hello Friends, Now these days India experiencing increase in start-ups. Current Govt. is imparting a various facilities to new entrepreneurs to start & fund their ventures. A Private Limited Company is the most preferred business structure for starting new venture. In this post we will be discuss the benefits & characteristics of Private Limited Company, which make its quality from other choice. There are few Steps for Incorporated a Private Limited Company. i.e. ·          Obtain Digital Signature Certificate (DSC) ·          Obtain Director Identification Number (DIN) ·          Reservation a Unique Name (RUN) ·          Certificate of Incorporation Click here for more details… Start Your Business Now! On the receipt of Cer...

Are you puzzled to choose your business? You are in the right place. Just briefly read this Article & you got your answer…. CHOOSEN YOUR BUSINESS STRUCTURE… Of all the options you can make when starting a business , It is one of the most necessary is the type of the legal structure you select for your company . Not only will this decision have an impact on how much you pay in taxes , it will have an effect on the amount of paperwork for your business is required to do, the personal liability you face and your ability to raise money . Types of Business Entities in India Types of Companies in India – Types of Legal Entities in India – Types of Corporate Entities in India. In India, the few following types of business entities are available: 1.      Private Limited Company 2.      Public Limited Company 3.      Limited Liability of Partnership 4.      Partnership ...