Forms of Business Organization | Best suited business entity model for startups

Of all the decisions we make when starting a business, one of the most significant is the type of legal structure you pick for your company. Not only will this decision influence how much you pay in taxes, but it will also alter the amount of paperwork your business is assumed to do, the personal liability you face, and your strength to raise money.

Topics covered in this Best suited business entity model for startups are:

Introduction
Types of Legal Structure
What is a sole proprietorship?
What is a partnership?
What is a company?
What is LLP?
Legal Structures eligible to be called a start-up
Which legal structure is the best for a start-up
Basic points to keep in mind while selecting a legal structure

It's not a decision to be entered into lightly, either, or one that should be made without sound counsel from business experts. Business owners need to inquire expert advice from business professionals when examining the pros and cons of various business entities.

The nature of the business entity you decide will depend on three principal factors: taxation, liability, and record-keeping. While deciding on the type of business to form, there are several criteria you need to evaluate, which are explained well in this Business Pathshala session.

forms of business organizationBest suited business entity model for startups