Question

Anita, a tech entrepreneur, wants to start her automation consultancy business that will develop AI-based customized solutions for different service providers. She cannot do it all by herself so she has approached her friend Supriya, who is an IIT graduate. Together they plan to commence the business in a form where their liability is limited and the business is regulated by law.

______ form of business organisation meets the requirements of Anita and Supriya.

Options

• Sole proprietor

• Partnership

• Private limited company

• Public limited company

Answer 1

Private limited company form of business organisation meets the requirements of Anita and Supriya.