Types of Business Entities in India

Types of Business Entities

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What our entrepreneurs say...

“Along with guidance in funding and managing finance, it was the trust and faith deAsra showed in me and my business that helped me build and expand my mess food services.”

-Anita Hature

“From making the project report, proper documentation required for my business set-up, and explaining various funding options, deAsra’s backing in setting up the travel business from scratch was commendable.”

-Arun Pardeshi

What is a business entity?

A business entity is an entity formed in order to engage in business activity.

A business entity is an organisation set-up by the business owners considering the factors such as the size of the business, nature of business, number of members involved, capital requirement, etc.

Takeaways from this checklist

  1. Characteristics of all types of business entities in India.
  2. Governance structure for all types of business entities in India.
  3. Decide what entity is best suited for your business.

Benefits of forming a business entity

An entity gives a recognition to the business different from its owner.

Forming an entity creates a reputation in the market and may help to gain trust of the customers/clients.

Few business entities limit the founder’s personal liabilities.