A business can be started in the following manner:

a)      Sole Proprietorship entity

b)      Partnership entity

c)      Company with Limited liability

Sole proprietorship is a business entity, where an individual, who is willing to do business for himself; obtained trade license and run the business for himself. That individual person shall be responsible for all act or business done under the name of this entity.

Partnership business venture is an entity, where two or more persons enter in to a Partnership Agreement and form a business Firm to run a particular business. Following execution of the Partnership Agreement, a trade license shall require to be obtained in the name of the Firm and therefore, that partnership entity can run the business. The Partnership Agreement can be registered with Registrar for Joint Stock of Companies and Firms (RJSC), however, it is not mandatory.

Company is an entity with limited liability, where the shareholders of the Company shall not be liable for all acts done by the Company. It is general practice of the Country that to run long time business with a particular business objective, a company is opened. The Company shall have to be registered with Registrar for Joint Stock of Companies and Firms (RJSC).