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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
choose the correct option
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?
Most Upvoted Answer
Samarth Sharma was born in Delhi and he is the fashion designer he run...
< b="" /> Form of Business Organisation: < />
< b="" /> One Person Company (OPC) < />
< b="" /> Explanation: < />
< b="" /> Limited Liability: < />
- By registering his business as a One Person Company, Samarth can enjoy the benefit of limited liability. This means that his personal assets will not be at risk in case of any business debts or liabilities.
< b="" /> Sole Decision Making: < />
- As the sole owner of the business, Samarth can make all the decisions regarding his business without any interference from other partners or shareholders. This allows him to maintain full control over his business operations.
< b="" /> Protection from Unlimited Liability: < />
- Registering as an OPC will protect Samarth from the threat of unlimited liability, ensuring that his personal assets are safe in case of any legal issues or financial obligations.
< b="" /> Minimal Compliance Requirements: < />
- OPCs have less stringent compliance requirements compared to other forms of business organizations, making it easier for Samarth to manage his business efficiently without the burden of excessive paperwork or formalities.
< b="" /> Conclusion: < />
Based on the given information, registering the business as a One Person Company would be the most suitable option for Samarth. This will provide him with the benefits of limited liability, sole decision-making authority, and protection from unlimited liability, while also ensuring minimal compliance requirements.
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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 businesschoose the correct option 1) on the basis of the given information state the form of business organisationa partnershipb)public companyc) private companyd) one person company?
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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 businesschoose the correct option 1) on the basis of the given information state the form of business organisationa partnershipb)public companyc) private companyd) one person company? 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 businesschoose the correct option 1) on the basis of the given information state the form of business organisationa partnershipb)public companyc) private companyd) one person company? 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 businesschoose the correct option 1) on the basis of the given information state the form of business organisationa partnershipb)public companyc) private companyd) one person company?.
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