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14 Nov 2019 by Admin No Comments

### Types of Businesses

Economy, Start-Up
A business entity is an organization that uses economic resources to provide goods or services to customers in exchange for money or other goods and services.There are different types of businesses to choose from when forming a company, each with its own legal differences. Typically, there are five main types of businesses: Private Limited Company, Limited Liability Partnership, General Partnership, Sole Proprietorship, and One Person Company. Before creating a business, entrepreneurs should clarify what is important to them when running their business. Private Limited Company: A private limited company is a company which is privately held for small businesses. The liability of the members of a Private Limited Company is limited to the amount of shares respectively held by them. Shares of Private Limited Company cannot be publically traded. Features of Private Limited…
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