Handhold to Startup Entities

One Person Company (OPC)

Overview: An OPC allows a single individual to run a company without the need for any other director or shareholder.
Advantages: Limited liability, easy to set up, and fewer compliances compared to other company types.
Ideal For: Solo entrepreneurs looking for a corporate identity.

Partnership Firm

Overview: A business structure where two or more individuals manage and operate a business in accordance with the terms and objectives set out in the Partnership Deed.
Advantages: Easy to start, shared responsibility, and combined expertise.
Ideal For: Businesses where partners want to jointly contribute and share profits or losses.

Limited Liability Partnership (LLP)

Overview: Combines the features of both a partnership firm and a company. Partners have limited liability, and it’s a separate legal entity.
Advantages: Limited liability, flexibility in operations, and fewer compliance requirements than a private limited company.
Ideal For: Professionals and businesses that require the flexibility of a partnership with the benefits of limited liability.

Private Limited Company

Overview: A company set up with a minimum of two members and a maximum of 200. It’s a separate legal entity with limited liability for its shareholders.
Advantages: Ability to raise funds, credibility in the market, and limited liability.
Ideal For: Startups and businesses that plan to raise funds or go public in the future.

Society

Overview: An organized group of people with a specific aim or objective, often related to charitable, educational, or similar purposes.
Advantages: Eligibility for grants, tax exemptions, and a focus on non-profit activities.
Ideal For: Groups aiming for social welfare, education, or charitable activities.

Chit Funds

Overview: A type of rotating savings and credit association where members contribute to a pool, and one member takes the entire sum once. The process repeats until all members have received the sum.
Advantages: Helps in savings, immediate access to a larger sum, and flexibility.
Ideal For: Individuals or businesses looking for an alternative savings or credit mechanism.

Ready to Take the Next Step?

Choosing the right entity is crucial for the success and growth of your startup. If you’re feeling overwhelmed or unsure about which entity is right for you, don’t worry! Ganashri is here to guide you through every step of the process. Let’s embark on this entrepreneurial journey together.

👉 Contact Ganashri Now and let’s turn your startup dream into a reality!