Sole Proprietorship Disadvantages

Sole Proprietorship Disadvantages in India A sole proprietorship is one of the most common types of business entity in India. The lack of procedure for Sole Proprietorship Registration and minimal compliance requirements make sole proprietorship an ideal entity for small business…

How to File Patent Application

How to File Patent Application Patent registration can be used to protect an invention involving a new product or process, inventive step and capable of being made or used in an industry. The steps to filing a patent application is discussed in another…

Sole Proprietorship Registration

Sole Proprietorship Registration Majority of the businesses in India are unregistered with many being operated as a sole proprietorship firm business.  A sole proprietorship is one of the easiest and simplest form of business entity to register and maintain in…

Partnership vs LLP vs Private Limited Company

Proprietorship vs Partnership vs LLP vs Private Limited Company vs OPC Selection of business entity is among the first legal decision taken by an Entrepreneur while starting a new business. With the introduction of the Limited Liability Partnership Act and the…

5 Reasons to Avoid Sole Proprietorship

5 Reasons to Avoid Sole Proprietorship Among some new entrepreneurs, especially those who consider themselves fairly well educated or already knowledgeable in their business, the temptation to “go it alone” can be strong. It can create for an illusion of…

Starting a Restaurant in India

Starting a Restaurant in India The food and beverages industry is one of the fastest growing industries in India spurred by urbanization and an fast growing middle class. The food service industry is currently estimated at 75,000 crore and is…

NEEDS Scheme Tamil Nadu

NEEDS Subsidy in Tamil Nadu The New Entrepreneur cum Enterprise Development Scheme (NEEDS) is a scheme promoted by the Directorate of Industries and Commerce, Government of Tamil Nadu. The objective of the scheme is to provide educated youth with opportunities…

Opening a Business Bank Account in India

Opening a Business Bank Account in India One of the first step taken by all Entrepreneurs after starting a business is to open a bank account in the name of the business. Having a bank account in the name of…

Starting a Proprietorship in India

Starting a Proprietorship in India A sole proprietorship is one of the oldest and most common form of business in India. Proprietorships are business entities that are owned, managed and controlled by one person. Proprietorships are very easy to start…