Our specialized team of accountants are entrusted to provide a comprehensive range of Assurance & Taxation services and Corporate Advice to our clients in India and around the globe. Pentagon Taxcorp preserves professionally qualified and well experienced resources that are further enhanced with special training in one or more areas, to add value to the organization.
A sole proprietorship is a business that is owned, managed and controlled by one person. It is one of the most common forms of business in India, used by small businesses operating in the unorganized sectors.Proprietorships are very easy to start and have very minimal regulatory compliance requirements for getting started.
A Partnership is a business structure in which two or more individuals manage and operate a business in accordance with the terms and goals set out in the Partnership Deed. Partnership registration is relatively easy and is prevalent among small and medium sized businesses in the unorganized sectors.
With the introduction of the Companies Act, 2013 the concept of OPC(one person company) was introduced to support entrepreneurs who on their own are capable of starting a business by allowing them to create a single economic entity. Only one single member is required to incorporate an OPC.
Limited Liability Partnership Act, 2008 brought with itself the concept of LLP .The benefits of LLP are that it is simple to maintain & it provides the privilege of limited liability to the owners. Thus combines the benefits of both company & partnership into a single organization.
A private company can be incorporated by following the provisions and regulations stated under the Company’s Act 2013. The minimum number of persons required for the incorporation is 3, Whereas the maximum limit of the number of persons is 50 and enjoys many benefits.
A limited company grants limited liability to its owners & management in which it belongs. Being a public company allows a firm to sell shares to investors this is beneficial in raising capital. it has required more stringent regulatory requirements as compared to a Pvt. Ltd Company.