Question

shivam is an expert graphic designer working with an advertising company. During his free time he also takes up freelancing logo designing assignments for various organisations within the country and abroad. over the years, the credibility for his work has built up. therefore, he feels it is the right time now to promote his own business. Keeping in view, certain constraints of a sole proprietorship form of business, he is reluctant to opt for this form of business organisation. At the same time he does not want to start the business in partnership. Is there any other form of business organisation in which shivam can promote his business can promote his business as an individual ?

Answer 1

Answer:

Yes he van start a business as individual.According to the company act 2013 a single person who is interested in starting a business can start a one man company.In future he can also convert it into a private Company.but it is not compulsory to convert it as pvt ltd.