Company formation for setting up new business is the most acceptable business form world-wide. The potential of growing business to highest level is possible in corporate form only.
Features of Company
Liability of shareholders are limited to their subscription or guarantee
Company has separate legal existence in the eyes of Law. It can sue & be sued in its own name.
Company never dies on death of its shareholder or director
Shareholder are owner of the company but Directors can be separate from shareholders who manages day to day affairs of the company.
Company can buy, own and sell any assets including property in its own name.
Types of Company
One Person Company
Private Limited Company
Public Limited Company