Question

Discuss types of companies?can there be one person company?explain

Answer 1

types
public company
private company
multinational company


yes there can be opc

Answer 2

$\large \green{ \fcolorbox{gray}{black}{ ☑ \: \textbf{Verified \: answer}}}$

Company refers to a group of people working together to achieve something like, developing a software as a team, running hotels etc. Legally a company needs to be registered as private limited or partnership firm.

Types Of Companies

Based On The Number Of Members

• Public Limited Company
• Private Limited Company
• ONE Person Company

Based On The Liability Of The Members

• Companies Limited By Shares
• Companies Limited By Guarantee
• Unlimited Company

Based On The Mode of Incorporation

• Chartered Companies
• Registered Companies
• Unregistered Company
• Limited Liability Company (LLC)
• Business Corporation
• Government Company