John Miller (Business Strategist) 26 March 2020
Shayon 26 March 2020
abhi jani 26 March 2020
Both One Person Company and Sole Proprietorship firm are better at its place. One needs to check which option is best suitable to the entrepreneur according to type of his/her business. If one is planning to start a business at very small scale then one can opt for a sole proprietorship firm otherwise considering the future synopsis OPC is better.
Following are criteria’s based on which can decide which type of entity to be incorporated.
Raj Kumar Makkad (Adv P & H High Court Chandigarh) 26 March 2020
I do endorse the advice of Mr. Jani.
Shreya Saxena (Student at Faculty of Law Banasthali Vidyapith Rajasthan.) 01 April 2020
One needs to check which option is best suitable to the entrepreneur according to the type of his/her business. If one might want to start a business, the option of a sole proprietorship is better as there is lesser competition in the initial stage and also the expenses are less. Following are criteria based on which can decide which type of entity to be incorporated.
I. Need of Loan