Company Formation & Business Registration

​Company Formation

At IBGO Consulting, we believe that the true success of a business lies in its ability to manage operations effectively and turn assets—both physical and intangible—into consistent value. Whether it’s generating rental income from a property or royalty earnings from intellectual property, operational management is all about strategically “harvesting” value from the resources your business owns.

Effective business operations focus on three core management goals:

These pillars help ensure your company remains financially stable, scalable, and resilient in a competitive marketplace.

One of the most critical foundations of strong business operations is strategic planning. Whether you’re a multinational enterprise planning an expansion or a startup launching a new product, proper planning provides direction, minimizes risk, and maximizes opportunity.

Many small business owners are tempted to skip the planning phase due to time constraints or limited resources. However, starting without a plan is like setting off on a journey with no map—you may eventually arrive, but likely not without delays or costly detours. While planning does require upfront time and effort, the long-term benefits far outweigh the temporary investment.

At IBGO Consulting, we work with businesses at every stage—from formation to expansion—offering support in business strategy, planning, and operations management. With our expert guidance, you can build a roadmap for sustainable growth and streamlined execution.

USA Business Structures

Sole Proprietorship
A simple business owned and operated by a single individual. It has no separate legal identity, and the owner assumes all liabilities and responsibilities.

General Partnership (GP)
A business owned by two or more individuals who share profits, responsibilities, and liabilities equally. Typically formed by agreement without the need for public registration.

Limited Partnership (LP)
A partnership structure with at least one general partner (with unlimited liability) and one or more limited partners (with liability limited to their investment).

Limited Liability Partnership (LLP)
A partnership where all partners have limited liability, often used by licensed professionals (e.g., lawyers, accountants). Liability may be limited except in cases of personal malpractice or negligence.

Limited Liability Limited Partnership (LLLP)
A hybrid structure combining features of an LP and an LLP. Available in select states, it offers limited liability protection to all partners.

Limited Liability Company (LLC)
Also referred to as LC or Ltd. Co., this flexible structure offers liability protection to owners (called members) while avoiding double taxation. It’s not classified as a corporation.

Professional Limited Liability Company (PLLC)
Designed for licensed professionals such as doctors, lawyers, or accountants. Some states restrict standard LLCs for such services and require a PLLC structure.

Corporation (Corp. or Inc.)
A separate legal entity that protects its owners (shareholders) from personal liability. These entities may be privately held or publicly traded and are recognized in all U.S. jurisdictions.

Professional Corporation (PC or P.C.)
Similar to a regular corporation but tailored for licensed professionals. It is subject to special rules governing professions like medicine, law, and accounting.

Doing Business As (DBA)
A registered trade name that allows a business to operate under a name different from its legal entity name. Often used by sole proprietors or corporations to market under brand-specific names.

Business Structures

SP (Sole Proprietorship)
A basic and informal business structure owned by a single individual. It’s easy to set up but offers no separation between personal and business liabilities.

GP (General Partnership)
A business owned by two or more partners. All partners share profits, management responsibilities, and have unlimited liability, especially if actively involved in operations.

LP (Limited Partnership)
A partnership that includes at least one general partner (with unlimited liability) and one or more limited partners (with liability restricted to their investment). Commonly used for passive investors.

Corporation
A separate legal entity independent of its owners. It provides limited liability, allows for easier capital raising, and requires its own tax filings. It is the most popular structure for businesses looking to scale or attract investors.

Joint Venture
A strategic partnership where two or more parties collaborate on a specific project or business activity for a defined period or purpose. Each party retains its own legal identity outside the venture.

We provide full-spectrum support for registering and structuring your business. This includes name selection, document preparation, federal and state filings, and post-incorporation compliance. Whether you’re forming a local startup or an offshore entity, we ensure that your business is legally compliant, professionally structured, and tax-efficient from day one.

India Business Structure

Sole Proprietorship
A simple business structure owned and operated by one individual. The owner holds unlimited personal liability for all business debts and obligations.

Partnership Firm
A business owned by two or more partners with joint and unlimited liability. Includes Active Partners (involved in operations) and Sleeping Partners (investors with limited roles).

Limited Liability Partnership (LLP)
A registered legal entity where partners have limited liability. Combines the operational flexibility of a partnership with the benefits of limited liability.

Hindu Undivided Family (HUF)
A unique structure recognized under Hindu law, where a joint family can run a business collectively. Managed by the Karta, the eldest male member of the family.

Cooperative Society
A member-owned organization formed for mutual benefit, commonly used in sectors like agriculture, housing, and credit unions. Operates on the principle of “one member, one vote.”

Family-Owned Business
Businesses run and managed by multiple generations within a family. Often structured as partnerships or private limited companies.

Private Limited Company (Pvt. Ltd.)
A separately registered legal entity with 2 to 200 shareholders. Shares are privately held and cannot be publicly traded. Offers limited liability and is highly preferred by startups and growing businesses.

Public Limited Company (Ltd.)
A company that can offer shares to the public and is typically listed on a stock exchange. Ideal for large-scale operations requiring access to public funding.