A private limited company is where between one and more people come together and form a business, The owners are called shareholders and they invest money in the company, The profit is divided up among the shareholders and distributed in the form of dividends “Ltd.” is written after the name of the company.
->Requirement for Private Limited Company
->Registration Process of Private Limited Company
LLP Act, 2008 passed by Lok Sabha on 12th of December 2008 and the President gave assent to the Bill on 7th January 2009. Hybrid of Corporate & Partnership business Form. Limits liability of partners to the extent of their contribution, to provides flexibility without imposing detailed (and costly) legal and procedural requirements. The organization and operations are on the basis of an mutual agreement.
->Requirement for Limited Liability Partnership (LLP)
->Registration Process of Limited Liability Partnership (LLP)
There are many other mode of business which is in trend but not recommended due to lot of remedies, like liquidity, Name issue and not a separate legal entity etc.
‘The essence of voluntary action is that it is not directed or controlled by the State and that in the main it is financed by private, in contradistinction to public, funds. It embodies the sense of responsibility of private persons towards the welfare of their fellows; it is the meeting by private enterprise of a public need.’
->Mode of Non-Profit Corporation
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