New Business Setup
New business setup involves lot of decisions keeping in mind as to which form of business suits you. After deciding forms of business the question arises how? We at GCA help you to answer all your to let you take decisions easily.
Deciding to start your own business is a leap of faith. It requires pushing out of your comfort zone and trying something new. If that idea excites you, why wait around? You’re ready to take the leap and be the CEO of your OWN COMPANY. It’s a lot of work and there are some risks, but the potential for rewards is huge.
As a fast-growing nation that also ranks as the world’s largest democracy, India is an intriguing market for overseas businesses and investors. In recent years, the country — which has a population of more than a billion — has seen a surge in economic growth and now ranks as the world’s fifth-largest economy by GDP. Indeed, India’s GDP growth is the highest in the world in the past decade, regularly achieving annual growth rates of between 6-7%. However, very real challenges remain for those seeking to do business in the country. In order to successfully navigate these challenges, it’s essential to plan strategically, perform due diligence, and exhibit patience and commitment to the process.
Types of Business Entity
Easiest way to start business in Individual capacity with or without trade name
Two or more person join hand to share Technical Knowledge and or Resources
Hindu Undivided Family Where all family members are represented by head of the family called Karta
Limited Liability Partnership, hybrid of Partnership and company. A Partnership with corporate features
Society is formed for mutual benefits of its members. It can be state level or multi-state
Trust is created to allocate any fund or property for specific purpose
Association of Person/ Body of Individuals are group of people without any registration