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What was the motto of new business entities in India?
Correct answer:
The motto of new business entities in India is as follows:
The three major types of business entities are sole proprietorship, partnership, corporation, and S corporation.
However, "Ease of Doing Business" was the new business entity in India. This objective or motto aims to remove cumbersome or stressful paperwork and propose innovative work theories.
Moreover, corporations have limited liability and help owners separate the ownership and management of the business simultaneously.
Other than three major types of business entities, some other entities are Indian Law, Private Limited Company, Public Company, One Person Company, and Limited Liability Partnership (LLP).
Lastly, the purpose of introducing business entities are that the transactions are recorded separately from other businesses.
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Correct question:
What was the motto of new business entities in India?
Correct answer:
The motto of new business entities in India is as follows:
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