Best Cars of the World Make Their Presence Felt in The Indian Car Market

Indian automobile sector is receiving breathtaking latest car entries from around the world. These cars are known for their unbeatable performance and cutting edge performance delivery. All these cars will are all set to create a stir in car market worldwide. Renowned car manufacturers of global car market have impressed the Indian audience with their flawless performance over the years. Almost all the best-selling car models in India usually come under the cost-efficient and fuel-efficient category. The affordable and technologically updated cars are the first choice for people looking to buy best cars according to recent surveys. This has helped in raising overall sales of Indian car models. Though with the latest efforts in automobile industry a large number of high end features have also been incorporated in best –selling car models. Popular cars in India belong to seasoned car manufacturers of national and international origin.

Maruti SX4

The year 2013 will witness the rising competition level in economy and hatchback sections in Indian car market. This petrol run model of SX4 has both manual and automatic fuel transmission mechanism. The amazing Maruti SX4 is one of the best cars in India in sedan model manufactured by the multi-million Indian automobile giant named Maruti. However the diesel counterpart contains only manual fuel transmission mechanism. All these car manufacturers perform splendidly on Indian roads. Cars available for Indian automobile sector have a wide range of options for the customers to choose from.

The Indian car market is known to be the centre of global automobile manufacturers nowadays. This is because the prosperous Indian people like to feast their eyes to the best pair of wheels in town. The sharp looks of high-end cars accessorized with a sporty look capture the fancy of all generations alike. Keeping in mind the car connoisseurs of India Goibibo group has come up with spectacle of the decade, Jaguar F-Type. The cutting-edge performance of this car does justice to its set price. It is expected to be priced around sixty to seventy lacs that seem fair considering its dynamite performance. The sheer awe that this car bears upon its spectators is amusing.

The best car to buy in India mostly belongs to the fuel-efficient hatchback section. The steering is small and sleek with a three-spoke pivot that comes with a flat bottom. But Jaguar surely ranks as the top few car fantasy molded into steel and speed. Futuristic model of this car fantasy is supplied with a TFT LCD bright screen. The surround system is beefed up with 1up to 12 speakers. The front screen is wedged between two prominent dials. This robust car body comes as a part of Performance Pack that makes the car glide like wind on roads. But keeping a perfect balance between the classic E-Type inspiration and latest technology is also equally important. Overall the car scores an almost perfect score in terms of looks and performance. The two-door design gives an innovative angle to the overall car design.

Author Bio:
John Wook, an auto expert by profession has a great passion for cars. He has published many articles on the web regarding the new, best, latest and upcoming cars in India. Here in this article, he has shared information about some of the best cars to buy like Maruti SX4, Jaguar F-Type etc in the Indian market.

Types of Business Entities (US)

Starting a business involves many decisions. What industry? What location? What do you intent to sell? A less obvious question, however, it what type of business entity do you choose? You can either decide to start a sole Proprietor, partnership or incorporate a company. Below I have explained what they are, distinguishing between the different types of company, and the pros and cons of each of them. So, lets start with…

Sole Proprietor

A Sole Proprietorship is an unincorporated business owned by a single person.

Pros –

– Easy to form. Just contact your local city or county clerk’s office.
– You get all the profits.
– You have full control. You make all the decisions.
– Simple accounting taxes. Income is taxed on a personal level and you don’t need to prepare a Balance Sheet.

Cons –

– Unlimited liability. You are responsible for all the business’ debts. This makes your personal assets (such as house and car) at risk.
– You are the business. If you don’t work you don’t get paid, even if your ill.
– Limited to your finances, skill set, expertise and contacts.
– It can get lonely unless you employ someone.

Partnership

A Partnership is an unincorporated business owned by two or more people, generally less than 20.

Pros –

– Additional skills, expertise, contacts, ideas and capital. This opens up opportunities.
– Shared responsibility.
– Easy to set up.
– Accounts are private.

Cons –

– Unlimited liability. Personal assets and finances are at risk.
– Potential conflicts and disagreements.
– Shared profits.
– Shared control.

Limited Liability Company (LLC)

A Limited Liability Company (LLC) is a business structure allowed by state statute. It’s a mix between proprietorship/partners and corporations.

Pros –

– Avoids double taxation.
– Limited Liability. You only risk losing the money you invested into the company.
– Fewer legal requirements than a corporation, such as necessary board meetings, and relatively easy to set up.

Cons –

– Some businesses cannot become LLCs. For example, insurance companies and banks. Some states don’t allow some industries to become LLCs, such as architects and accountants in California.
– Some states have special taxes for LLCs. Check with an accountant before deciding on a LLC.
– LLCs can’t be taken public.

S Corporation

S corporations are corporations that elect to pass corporate income, losses, deductions and credit through to their shareholders for federal tax purposes. But not all businesses can become S Corporations.

Pros –

– Limited liability. S Corporations are separate entities, so the owners are not responsible for the business’ debts.
– Easy to sell, as it is a separate entity.
– Tax savings. Shareholders are taxed at a lower income than employees.
– Some expenses incurred can be written off as business expenses.

Cons –

– Legal requirements are stricter. For example, there must be scheduled board and shareholder meetings and minutes must be kept.
– Strict shareholder rules.
– Cannot own subsidiaries.
– Shareholder-employees with more than 2% ownership loose tax free fringe benefits.
– Limited to one types of stock which limits freedom of profit distribution, unlike C Corporations.

Please go to the IRS website for more information and requirements for S Corporations.

C Corporation

A C Corporation is a separate legal entity from its shareholders (owners), unlike sole proprietorship and partnerships. This means it is able to sue, get sued, pay taxes and sign contracts itself.

Pros –

– Medical payments are deductible.
– Easy for investors to invest. C Corporations can also go public, which is attractive to investors.
– You can accumulate earnings for future expansion at a lower tax cost.
– Limited Liability
– Unlimited shareholders
– Easy to sell
– Can own subsidiaries

Cons –

– Lots of legislation and paperwork.
– Double taxation (corporate and personal), as the business is a separate entity.
– Solicitors and accountants would most likely be needed.

So, there we are. Now it’s up to you to weigh up the pros and cons of each and make a decision based on your situation. Whats right for you might not be right for someone else, so think about your needs and desires when making the decision. Also, I highly recommend that you seek the advice of a qualified solicitor and accountant before making a firm decision and going forward. Good luck.