To take the right decision at the right time is very important and useful for every individual. When a decision needs to be made about the legal structure of the business such as sole proprietorship, a partnership, or an incorporation of any business, it’s very difficult task. Choosing the appropriate legal structure is a crucial decision for any business/ startup.
Basis to choose the right legal structure for your business are as follows:
Requirements of funding;
Relationship between the promoters and investors
Future liability aspects;
Should it be a stand-alone entity or a hybrid structure;
Should it be for-profit entity or non-profit entity;