These are privately held small business entity, in which owner liability is limited to their shares, the firm is limited to having 50 or fewer shareholders, and shares are prohibited from being publicly traded.
Partnership is an association of two or more persons to carry on a business in the capacity of co-owners. All the partners share the profits and losses in proportion of their respective ownership, or as agreed between them.
An LLP is a type of partnership that limits the amount of liability undertaken by the partners to the amount that they have invested in the partnership. It requires minimum of 2 partners and no minimum capital is required.
It is getting your business certified which is issued by the department of treasury so that the business becomes more secured and reputed.
Ngo can be registered as trusts, societies or a private Limited non profit company under section-8 companies. Ngo can exist independently or are self-governed by a board of trustees.
In accordance with the provision of Micro, Small & Medium Enterprises Development Act, 2006 the Micro, Small and Medium Enterprises are classified into manufacturing and service enterprising.