If you see the Cash Flow of average Middle class, we clearly see the income is always less than their expenditure while as the Cash Flow in case of Business Class, the income is always greater than their expenditure and the business class invest money and save upto 20% from their income where as Middle Class people doesn't invest money and doesn't save money. Most important thing is that when Middle class people buy a house and they think it's an asset, after some time when they buy furniture, electric appliances etc for the house, but actually they are buying liabilities. Business class buy assets to generate more income, while as Middle class buy liabilities in the name of assets.
Hey everyone! 👋 I hope you are doing well in your lives, and are chasing your dreams. So, today, we are going to discuss the remaining Types of Business Structures in India . Unfortunately, if you haven't checked the Part 1 of this series, you can click here . However, if you have already read the Part 1 blog in which we have discussed about the Sole Proprietorship and the Partnership Firm in depth. Now, it's time to dive into the remaining ones. I think explaining all entities in one part would be hectic and time consuming, so in this series, we are going to cover one by one entity with full detail. Before we move on, let me make you remember that we basically have six business entities: Sole Proprietorship Partnership Firm Private Limited Company (Pvt. Ltd.) Limited Liability Partnership (LLP) Public Limited Company (Ltd.) One Person Company (OPC) In the aftermentioned points, we have already discussed the first-two. Now, let's cover the remaining: 3 . Privat...
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