The most common problem which startups or new ventures face while starting their business is whether to form a proprietorship or a Company.
Sole Proprietorship, being the most traditional form of business is still one of the most common types of business entity in India. The easy formation procedure and minimum compliance requirements in a Sole Proprietorship make it a ready option to start a business.
However, there are various disadvantages of a proprietorship which startups fail to understand at the initial stage. Continue reading “5 reasons why Private Limited Company or LLP is preferred”