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Samarth Sharma was born in Delhi and he is the fashion designer he run his High fashion garments business from the posh greater Kailash market of Delhi after running the business 8 years Samarth feel that he should get his business registration in a way that he can save himself from the threat of unlimited liability but at the same time he did not want to want anyone loss to be a part of decision making and to interfere in his business
1) on the basis of the given information state the form of business organisation
a partnership
b)public company
c) private company
d) one person company
choose the correct option?
Most Upvoted Answer
Samarth Sharma was born in Delhi and he is the fashion designer he run...
H2 tag: Form of Business Organisation
- **c) Private Company**
h2 tag: Explanation
Private company is the most suitable form of business organisation for Samarth Sharma based on the given information. In a private company, the liability of the members is limited to the extent of their shareholdings, thereby protecting Samarth from unlimited liability. This means that his personal assets are safe in case the business faces any financial difficulties.
h2 tag: Benefits of Private Company
- **Limited Liability:** Samarth will not be personally liable for the debts and obligations of the company.
- **No Interference in Decision Making:** As the sole owner of the private company, Samarth will have full control over decision making without any external interference.
- **Separate Legal Entity:** A private company is considered a separate legal entity distinct from its owners, providing additional protection to Samarth's personal assets.
- **Easy Transfer of Ownership:** Shares of a private company can be easily transferred, allowing for future expansion or exit strategies without much hassle.
h2 tag: Conclusion
By choosing to register his business as a private company, Samarth Sharma can enjoy the benefits of limited liability while maintaining full control over his business operations and decision-making process.
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Samarth Sharma was born in Delhi and he is the fashion designer he run his High fashion garments business from the posh greater Kailash market of Delhi after running the business 8 years Samarth feel that he should get his business registration in a way that he can save himself from the threat of unlimited liability but at the same time he did not want to want anyone loss to be a part of decision making and to interfere in his business1) on the basis of the given information state the form of business organisationa partnershipb)public companyc) private companyd) one person companychoose the correct option?
Question Description
Samarth Sharma was born in Delhi and he is the fashion designer he run his High fashion garments business from the posh greater Kailash market of Delhi after running the business 8 years Samarth feel that he should get his business registration in a way that he can save himself from the threat of unlimited liability but at the same time he did not want to want anyone loss to be a part of decision making and to interfere in his business1) on the basis of the given information state the form of business organisationa partnershipb)public companyc) private companyd) one person companychoose the correct option? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Samarth Sharma was born in Delhi and he is the fashion designer he run his High fashion garments business from the posh greater Kailash market of Delhi after running the business 8 years Samarth feel that he should get his business registration in a way that he can save himself from the threat of unlimited liability but at the same time he did not want to want anyone loss to be a part of decision making and to interfere in his business1) on the basis of the given information state the form of business organisationa partnershipb)public companyc) private companyd) one person companychoose the correct option? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Samarth Sharma was born in Delhi and he is the fashion designer he run his High fashion garments business from the posh greater Kailash market of Delhi after running the business 8 years Samarth feel that he should get his business registration in a way that he can save himself from the threat of unlimited liability but at the same time he did not want to want anyone loss to be a part of decision making and to interfere in his business1) on the basis of the given information state the form of business organisationa partnershipb)public companyc) private companyd) one person companychoose the correct option?.
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