How To Form A Company?
One of the first steps when starting a new business, which is often not given enough thought to by the entrepreneur, but which is vital for the business to start operating, is deciding the type of business entity and registering the business.
A business entity is broadly defined as an entity that is formed as well as administered by one or more persons, in accordance with corporate laws to carry out the business activities, which can also sometimes include charitable work and other activities. There are various entities or structures such as a One Person Company (OPC), partnerships, sole proprietorships, limited liability partnership (LLP), companies or corporation, and limited liability companies (LLC). Registering a business under any one of the structures is mandatory under the laws of the country. This article is a must-read if you are wondering how to form a company?