Partnership Firm

Partnership Firm: Drawback and Benefit The partnership is basically the relation between persons who have agreed to share the profits of the business carried on by all or any of them acting for all.  The owner of this firm are individually called partners, and collectively they are called as firm.  There are both pros and cons in starting a partnership firm. Here is the list to evaluate whether it is beneficial or full of losses: Capital Availability  Unlike One Person Company, partnership firms are formed with more…

C Corporations: all positive and negative points 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 lot of liabilities, as they have…

Types of Business Entities to Start in India Presently, India is considered an emerging market with a lot of opportunities for investors. The diverse economy presents all sorts of business entities for doing business in the country. Here, there are five major business entities, which are trading in the entire country: Sole proprietorship A sole proprietorship is a business that is owned and managed by a single person; it is also known as a one-man army. The liability of the sole proprietor is limited to the extent of…