About Setting Up of Business Entities and Closure

A business entity is an organisation created by one or more natural persons to carry on a trade or business. There are different forms of business organisations such as Company, LLP, Societies, Trusts, etc. that can be incorporated. The Legal procedures to set up the business entities and the procedures for closure of the same are covered in this subject. It is branched out of the corporate laws to focus more on the process of setting up and closure of business entities.

It is quite crucial for a Company secretary to know and understand the laws associated with a particular form of the business entity in order to assist clients in setting up of the business and closure if need be, in such a way as to best serve the interests of all stakeholders.You are also expected to develop skills and knowledge to understand complex areas in the field of formation of various kinds of companies e.g. public company, private company; setting up of Trusts, society & LLP, etc.