PRIVATE LIMITED COMPANY

A private limited company is a most common and famous form to start a business. Any 2 or more people can start a business under the form of a private limited company.It is best suitable for Startups who may raise investors funding.

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ONE PERSON COMPANY

If any person wants to open a company alone, without partnership or association of any other person. One person company is the best form of business entity for him.One person company enjoys almost all the benefits of a limited company.

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LIMITED LIABILITY PARTNERS

A Limited liability partnership is a partnership firm registered under MCA records wherein some or all the partners have their limited liability and are not responsible for another partner's misconduct or negligences.It is a better version of a partnership firm.

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PARTNERSHIP FIRM

A partnership firm is a form when 2 or more partners come together to do a business and divide the profits in an agreed ratio. However, in this form partners are liable for losses in the business as well as responsible for debts.

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SOLE PROPRIETORSHIP

A sole proprietorship well known as individual entrepreneurship is a kind of firm that is owned & handled by a single person on his/her name. The sole proprietorship receives all the profits and has unlimited responsibilities for losses & debts.

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PUBLIC LIMITED COMPANY

A public limited company is a form where minimum 7 shareholders & 3 directors required. A public limited company can offer its shares to the public in the stock exchange and raise funds.

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COMPARE BUSINESS FORMS

Form of Business

E-Startupindia
  • Recommended for
  • Limited Liability Protection
  • Whether business name secure?
  • Tax on profit
  • Equity Funding
  • Loan & Borrowings
  • Audit Requirement
 

Private Limited Company

Private Limited Company
  • Startup & Growing business
  • Available
  • Yes
  • 25%
  • Possible
  • Easy
  • Mandatory

One Person Company

One Person Company
  • One Man Army
  • Available
  • Yes
  • 30%
  • Not Possible
  • Easy
  • Mandatory 

Limited Liability Partnership

Limited Liability Partnership
  • Partnership firm with legal shield
  • Available
  • Yes
  • 30%
  • Not Possible
  • Easy
  • If annual turnover exceeds Rs.40 Lacs or Capital exceeds Rs.25 Lacs

Partnership Firm

Partnership Firm
  • Business manage by 2 or more partners
  • Not Available
  • No
  • 30%
  • Not Possible
  • Difficult
  • If annual turnover exceeds Rs.1 crore

Sole
Proprietor

Sole Proprietor
  • Business manage by single person
  • Not Available
  • No
  • 10-30%
  • Not Possible
  • Difficult
  • If annual turnover exceeds Rs.1 crore

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