Initiating a social venture is indeed a very effective way of making some impact; however, prior to starting activities, picking out the proper legal structure for your venture is essential. The most prevalent choices of organisational form in India include NGO (general name), Trust, Society, and Section 8 Company. Every organisational form possesses different legal characteristics, and knowledge of their distinctions can guide your choice. What is an NGO ? NGO (Non-Governmental Organisation) does not refer to any particular type of organisation, but rather it is a generic term that covers organisations working for social, charitable, educational, or environmental objectives. An NGO in India can be registered either as a Trust, Society, or Section 8 Company. Therefore, when we talk about NGO registration, we mean the registration of an organisation in one of these forms. What is a Trust ? A Trust is probably the easiest form of NGO that can be found in India. The form...
People often find themselves in a dilemma whether they should establish a company or an NGO, especially while considering NGO Registration in Jharkhand or Company Registration in Ranchi. Both have their distinct aims and advantages. Let us learn about them in easy language What is an NGO? An NGO (Non-Governmental Organisation) is a non-profit organisation created to work for social causes like education, health, women's empowerment, etc. Types of NGOs: Trust Society Section 8 Company Purpose: Not to earn profit, but to serve society What is a Company? A Company is a profit-making business structure where the main goal is earning and growth . Types of Companies: Private Limited Company LLP (Limited Liability Partnership) OPC (One Person Company) Purpose: To earn profit and expand the business NGO vs Company – Key Differences Point NGO Company Purpose Social Work Pr...