One Person Company (OPC)
Partnership Firm
Limited Liability Partnership
Private Limited Company
Society
Chit Fund
Trust
With the advent of technology,companies are formed in a jiffy and everyone wants to keep their balls rolling as soon as possible. MDACS assists the new age startups by providing initial support to create the following type of companies, managing them and taking care of all their compliances right from the start.
This type of companies would have only a single person as it’s promoter or founder.
Two or more people join as partners and a firm is created.
LLPs are also partnership firms but with a limited liability pertaining to their capital.
This is a type of company limited by the stocks of the company. Any investment agency would prefer to investment in a private limited company.
These entitities are formed to promote literature, science or fine arts or for diffusion of useful knowledge for charitable purposes.
An entity managing a chit fund scheme is usually referred to as a chit fund company. They deal with the savings and borrowings of the members money.
These types of entities are formed for a non profit purpose such as educational institutions.