Question

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For a nation or union of nations other than the U.S.: Identify the available alternative forms of business organization that are most similar to the U.S. corporation, LLC (limited liability company) & LLP (limited liability partnership).

Provide hyperlinks to references relied on.

Answer 1

The alternative form of business organization that are most similar to the U.S. corporation, LLC (limited liability company) & LLP (limited liability partnership) in India is One Person Company in which only one person is member and one nominee who become member in case of death of the origninal member.

Here member refers to a person who is a subscriber in Memorandum and is registered in the the Register of members. The name of the member is also recorded in the records of depository.

Hope this helps.

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