How to start a Business? Sole Proprietorship vs LLP vs Private Ltd. | Business Basics #1

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In this video, we learn about all the legal entities like Private Limited Companies, LLP, One Person Companies, Partnership Firms, Sole Proprietorship Firm, etc. Which Business entity should I choose? Which Business is best to start in India? Proprietorship Vs Private Limited Vs Limited Liability Partnership Vs OPC?

We will discuss the key factors to consider when choosing a business entity, such as the nature of the business, ownership structure, liability protection, taxation, compliance requirements, funding requirements, and long-term business goals.

Chapters:
03:25 Designation & Definition
04:56 Business Registration
06:44 Business Name Name
08:20 Legal Entity/Liability
09:28 Partners
11:30 Taxation on business
12:06 Best suited for
17:17 Compliance, Setup and Annual Cost
18:11 Bonus Tip
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[LabourLawAdvisor]

Which Business Entity we should cover next?

[Cheekuuuuuuu]

03:25 Designation & Defination
04:56 Registration
06:37 Name
08:14 Legal Entity/Liability
09:19 Members
11:21 Taxation
12:00 Suitable for & Examples
17:08 Complainces, Setup And Annual Ct
18:03 Bonus Tip

[heartwin]

This is called a vdo. Yes! Absolutely genuine and well explained, with a great sense of humour and accomplishment. No nonsense content! Keep it up, love to the LLA TEAM!!

[devpanchigar]

so interesting series...as a commerce student, i like this types of knowledgable videos...waiting to know about Pvt. Ltd. in detail...✌🏻

[karan-a]

Nicely explained. However, just update the part where you say that OPC needs to be converted to Pvt Ltd after exceeding the said thresholds. That has been removed effectively from April 1, 2021. Also, OPC can be converted to Pvt Ltd at any time — your viewers will appreciate the updated information.

[arjunjopaliya]

Am a bussines man and yet its important topic for me too, further next level for my future business, am glad i found this video even after 2years of recommendation.

[avinash-]

✅ SOLE PROPRIETORSHIP

Thankyou sir 🙏 for this knowledgeable video.

[KuldeepNegichannel]

I can see that your energy and excitement has gone straight to the next level....I am so glad that I have been your subscriber for so long time and enjoyed such informative Vlog 👍👍 please go serially like Sole proprietorship, then partnership, then LLP, then OPC and then Pvt ltd. Thank you for the efforts and dedication 👍👍🙏😊

[suvikvlogs]

I think I HV watch one of the best video on YouTube with correct knowledge only.... And very easy understanding

[kunalprajapat]

commerce students study all this material in business studies class 11
... finally knowledge kaam aayi

[redguitarwarrior]

Nobody explained this in a such a simple way like you Thankyou 👍🏼

[amulyas]

One person company, because every one wants 100% power in their hands

[parthaaec]

Excellent business education. Forming a legal entity is typically the first step.

[manasswain]

The one stop solution. I was confused about all these, thank you for this video, it made everything clear.

[gopalrijal]

Glad to find something which I badly needed to start my journey. thanks LLA

[pavanrathod]

Absolutely helped me, now i know exactly what to Thank you LLA!

[santoshsahu]

Thank God finally ek kaam ka video mil gaya 😍😍 sab toh motivation hi dete h

[rajputin]

Firstly, Thanks a Lot for providing such a Valuable, Easy to Understand, Crisp and Clear Information.


Sir, Please guide us on Perpetual Succession of all these 6 Firms

[AbhishekSharma-eslk]

I want detail video on partnership
What condition we decide to give percentage like 40:60 60:50, 49… which one is high which one is low? What workload was decided like role and responsibilities?

[reeti]

HUF is only available for some religions like Hindu, Buddhist, Jain and Sikh because they are religion based law. Religion based laws applies to only people belonging to specified religions, one of the most famous example of religion based law is Teen Talak, it worked as Muslim religious law.

These laws are not made by government, but implemented by religion texts, that's why it is biased. Because only specified religions have concept about joint family businesses in their religious texts.

Imp note: I am neither defending this nor opposing it, I am just giving you information on it.