legal entity

Why Your Business Needs to Protect its IP? (6 Reasons Why)

Intellectual property is an intangible asset that provides economic benefits to your business just like any other tangible asset. Intellectual property are creative assets that include patents, trademarks, copyrights, and trade secrets. This article discusses the importance of protecting your company’s intellectual property. 1.    Protects your Innovation You may have invented a valuable innovation. Unfortunately, …

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What Is Intellectual Property?

What are Intellectual Property Rights and their types – Explained Intellectual property refers to creations of the mind: Inventions, literary and artistic works, symbols, names, and images used in commerce. Intellectual property is divided into two categories: Industrial property includes patents for inventions, trademarks, industrial designs, and geographical indications. Copyright includes literary works (novels, poems, …

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Different Legal Entities for Entrepreneurs to Setup in India

There are various business structures such as Sole Proprietorship, One Person Company, General Partnership, Limited Liability Partnership, Private Limited Company and Public Limited Company, that an entrepreneur can choose to start a business. Choosing an ideal legal structure would be one of the first decisions an entrepreneur would make. But how to decide which business …

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Public Limited Company

In this article, we will discuss Public Limited Company.A Public Limited Company is a business entity wherein the ownership is dispensed to the general public shareholders through the free trade of shares on stock exchanges. A Public Limited Company is a business entity wherein the ownership is dispensed to the general public shareholders through the …

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Private Limited Company

In this article, we will discuss Private Limited Company. A Private Limited Company is a business entity that is privately held for small to medium businesses. The liability of the members of a Private Limited Company is limited to the number of shares respectively held by them. Shares of Private Limited Company cannot be publicly …

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Limited Liability Partnership

In this article, we will discuss Limited Liability Partnership (LLP). A Limited Liability Partnership (LLP) combines the advantages of both the Company and Partnership into a single form of business entity. It was introduced in India as an alternative corporate business entity that provides the benefits of limited liability of a company but allows its …

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General Partnership

In this article, we will discuss General Partnership. A General Partnership is an association of two or more individuals who agree to share the profits of a lawful business that is managed and carried on either by all or by anyone of them, or some of them acting for all. In other words, it is …

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One Person Company

In this article, we will discuss One Person Company. The concept of One Person Company (OPC) was introduced in India to encourage sole proprietors to run their businesses with a corporate entity having few legal requirements. An OPC is owned by a single person having a separate legal entity than its owner. In other words, …

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Sole Proprietorship

In this article, we will discuss Sole Proprietorship. A Sole Proprietorship is a business entity in which a single person owns, manages, and controls all the activities of the business. All the resources are funded, controlled, and utilized by the sole proprietor with the sole objective of earning profit for the business. The sole proprietorship …

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