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How To Prepare CS Executive Setting Up of Business Entities | Score 80+ in SBEC by CS Praveen Choudhary : CS Students can score exemption in Setting Up of Fussiness Entities and its Closure by following the proper study tips in while preparing for ICSI Exams

00:00 Introduction
01:26 Procedural Subject
03:47 Short Notes
06:02 Writing Practice
08:41 Part B is Important
09:52 Regular Revision
12:31 Important Chapters
23:41 Study SBEC form Expert

Overview of CS Executive Setting Up of Business Entities and Its Closure

Introduction: There are various business structures such as Companies, LLP, Trusts, and Societies etc. which one can choose to start a business. Choosing a form of business entity is crucial to a successful organization. The choice of a business entity will depend on an object, benefits, size of the business of such entity and many other factors. The main types of business entities in India are Sole Proprietorship, Partnership, Hindu Undivided Family (HUF) Business, Limited Liability Partnership (LLP), Co-operative Societies, Branch Office and Company which may be any kind of company including one person company (OPC), private limited company, public limited company, company limited by guarantee, subsidiary company, statutory company, insurance company or unlimited company, company formed under section 8 of the Companies Act, 2013 or under section 25 of the earlier Companies Act, 1956.

Various laws are applicable for proceeding to incorporate a business entity. Initial Registrations like Shops & Establishment, FSSAI, ISO, MSME, copyright, patent etc. and licences from the regulatory authorities like RBI, IRDA, GST, Income Tax, IPR etc. need to be obtained.

Objective :
In this scenario of various options for the kind of business entity and the plethora of laws applicable to the businesses, it becomes quite crucial to know and understand the laws associated with a particular form of the business in order to initiate successful setting up of the business and prolific closure, whenpreferred to serve the best end of all the stakeholders. Therefore, with the objective to provide the working knowledge and understanding of the various procedural requirements involved in the setting up of business entities and overview of procedures involved in closure of entities to the students