Partnership & One Person Company
Partnership Firm is a prominent form of business constitution for organizations that are claimed, managed and controlled by an Association of People for profit. Partnerships firms are moderately simple to begin is prevalent amongst small and medium-sized organizations in the unorganized sectors. With the presentation of Limited Liability Partnerships in India, Partnership Firms are fast losing their prevalence due to the additional preferences offered by a Limited Liability Partnership.
Types Of partnerships
There are three relatively common partnership types: GP, LP, and LLLP.
It is an agreement by which partners conducting a business jointly have unlimited liability which means their personal assets are liable to the partnership organization.
Limited partners are not involved in management. Basically, they are silent investors. They have limited liability.
One Person Company
One person company is a separate legal entity. This company also needs to be registered. According to section 2(62) of the companies ACT 2013, one person as a member. A Company which has only one person as a member. A company may be formed for any lawful purpose by one person whereas a private company, by subscribing their names or his name to a memorandum and complying with the requirements of their ACT in respect with the requirements of this ACT in respect of registration.
ELIGIBILITY FOR OPC
As per the companies (incorporation) rules 2014, following person can be eligible to incorporate opt-in India. (the Only natural person who is an Indian citizen and resident in India) shall be eligible to incorporation a one person company. Shall be the nominee for the sole member of a one-person company. shall be eligible to incorporation a one person company. shall be the nominee for the sole member of a one-person company.
BENEFITS IN FORMING OPC
MINIMUM REQUIREMENTS FOR THE OPC
IN WHAT WAY WE CAN ASSIST YOU WITH THE ONE PERSON COMPANY
Capital flow makes you, much easy to register a one person company within 7-10 days, subject to government and client processing time.
Objectives To Register One Person Company
One person Company is the only type of company started and managed by a single person in all aspects with all liabilities in all over India. The Main advantage in this is he/she can easily transfer the ownership from one to other.
A company has 'ceaseless', meaning successive subsistence until it is officially dissolved. A company is also a separate constitutional person, is forthright by the death or other departure of any member and continues to be in existence.
Proprietorship of a business can be easily transmitted to a company by transferring shares. Transfer of share transfer form and share certificates are sufficient to transfer ownership of a company in an individual a person company ownership can be transferred.
Having Own Premisis
A company is an artificial person which can acquire its own, enjoy and isolated, property in its name. This property is owned by a company like which could be machinery, building, intangible assets, land, residential property, factory, etc.