As per common law one cannot run multiple businesses under one firm. Hence for every different field, different firm is needed. One can take registration for each of the firms and can start multiple businesses. As there are different forms of businesses are available so one need to choose that which type of firm should be started according to the business. The form of business can be decided based on different aspects as mentioned below.
- Object of Business
- Ownership- shared or sole
- Capital
- Need of Funds
- Tenure of Business
- Liability
By answering the above points it will be easy to decide the form of business. Further, LegalWiz.in makes simpler to choose the form of business according to different criteria by comparing different form of businesses.