Business enterprises can be broadly divided into two categories, namely, one which is unincorporated and the other which is incorporated. The basic difference between the incorporated and the in-incorporated form of organization is that while an unincorporated form of business may be started without registration, corporate form of organization cannot be set up without registration under the laws which govern their function.
“Company form of Organization is the most popular form of corporate organization.”
The Company is characterized by the fact that ownership and management are separate. The capital of the Company is provided by a group of people called shareholders who entrust the management of the company in the hands of persons known as the Board of Directors.
A company is an artificial legal person created by process of law which makes it an entity separate and distinct from its members who constitute it. As a natural consequence of incorporation and transferability of shares, the company has perpetual succession. It can be said that company form of organization is suitable when the capital retirements of a business are large, the liability of members is expected to be limited and the risks need to be spread among a large number of persons.
Formation of company is a process which results in incorporation if a company. In all jurisdictions, company law deals with fine details related to incorporation, objects, legal compliances, mergers, amalgamation and winding up of companies. In India, we presently have the Companies Act, 2013 to govern companies in India.
We DoBiz India, helps in registering your company and also helping in choosing the proper format of company such as Private Limited or OPC or LLP or Public Limited. We focus on providing an helping hand to the upcoming entrepreneurs in registering their company, not only restricted to registration but also guide them in maintaining their company.
Our service will not be a onetime service and we maintain a long term relationship with our clients as to guide them in each and every step in their growth.