Company

C Corporations: all positive and negative points Puja Bhardwaj | The CEO Magazine A C corporation is a business term that is used to describe a unique kind of entity in which profits are taxed separately from its owners as per the subchapter C of the Internal Revenue Code.  A C corporation is owned by shareholders, who must elect a board of directors that make business decisions and oversee policies. There are multiple advantages of operating as a C Corporation: The owners of a C corporation do not have to carry a…

Advantages of Initiating a Private Limited Company Puja Bhardwaj | The CEO Magazine Private Limited Company is the most famous type of business entity in India. It limits owner liability to their shares and restricts shareholders from publicly trading shares. The registration of Private limited company is governed by the Companies Act, 2013 and the Companies Incorporation Rules, 2014. To register a private limited company, there is a need for a minimum of two shareholders, and the maximum number of members is 200. A…

Limited Liability Company: Profit and Loss Puja Bhardwaj | The CEO Magazine The limited liability company is based on great flexibility and it requires less paperwork. This business entity provides limited liability protection features of a corporation and the tax efficiency and operational flexibility of a partnership. In this kind of company, owners are not taxed as a separate business entity but, all profits and losses are distributed among each member. The members of the company report profits and losses on their…

Merit and Demerit of One Person Company One Person Company is a type of modern business entity. It allows operating a corporate entity by a single entrepreneur with limited liability protection. OPC is also said as a combined package of a Sole Proprietorship business and a Company, borrowing the best of both worlds. It came into existence after the Companies Act, 2013. The purpose of this type of business organization is to encourage startups. With this kind of business entity, any person can start business individually…

How to Register a Company in India?   Each business in India is registered according to the procedure initiated by the Ministry of Corporate Affairs (MCA) of the country. And, it is so efficient and quick that we can get a company formed in just 7 days. All the documents are filed electronically without any physical appearance in any Gov. Office. The registration process includes some rules and some registration like Digital Signature Certificate (DSC), Director Identity Number (DIN) and more.Step- 1:  Acquire Director…