What type of business can be ?
Business is a activity of buying and selling a product & service as way of earning money in the market. Business activity can be run by a person or an origination or enterprises or entity engaged in commercial activity.
There are many type of businesses
- Sole proprietor
- Private limited company
- Public limited company
- Government company
There are other more type businesses
What is Sole proprietor
Sole proprietorship business is a business activity that run by a person on the basis of his personal name or PAN.
Dairy products shop
Two or more person come together through a legal agreement called partnership deed by defined share of profit and loss in the business.
Private limited company
A private company need to registered with Register of company in respective states or Union territory of India. There is legal formality and documents require for company registration.
Public Limited Company
A public limited company under Companies Act 2013 is a company which can issue shares and debenture general public.
Government company mean a company in which 51% or more share held by Central Government or States Government.