In the establishment of the business venture, the first step is to give birth to a business entity. The business registration and tax registration are the primary tasks to initiate any type of business. Legal forms of business entities require registration and licensing services to register as a sole proprietorship, partnership firms, and companies. The adoption of legal form for business entities is decided by analyzing the objectives and various considerations. The considerations include the nature of the business, investment, capital requirements, size of intended business regulatory requirements, and taxation, etc