Feature | Proprietorship | Private Limited Company | One Person Company (OPC) | LLP | Partnership |
Entity Type | Sole proprietorship | Separate legal entity | Separate legal entity | Separate legal entity | Separate legal entity |
Minimum Members | One | Two | One member One nominee | Two | Two |
Maximum Members | One | 200 (ESOP’s are exempted from this limit) | One member | No limit | No limit |
Liability | Unlimited (owner personally liable for debts) | Limited by shares (shareholders’ liability limited to investment) | Limited by shares (shareholder liability limited to investment) | Limited by shares or guarantees (partners’ liability limited to investment or agreed contribution) | Unlimited liability for debts and obligations |
Formation | Simple registration | More complex process with regulatory filings | More complex process with regulatory filings | More complex process with regulatory filings | Simple registration process |
Compliance Requirements | Minimal | Moderate (annual returns, board meetings, audits for larger companies) | Moderate (annual returns, board meetings, audits for larger companies) | Moderate (annual returns, partner meetings) | Minimal |
Tax Rates | Slab rates are applicable. | 15 to 30% plus cess and surcharge | 15 to 30 % plus cess and surcharge | 30 % plus cess and surcharge | 30 % plus cess and surcharge |
Double Taxation | No double taxation | Shareholders are taxed again on Dividend Income | Shareholders are taxed again on Dividend Income | No double taxation | No double taxation |
Fundraising | Not possible | Easier to raise funds through investors | Not possible | Limited | Limited |
Suitability | Small businesses, freelancers | Growing businesses, seeking investment | Single owner businesses seeking limited liability | Professionals, service businesses | Small to medium-sized businesses with multiple partners. |
Audit | Not mandatory up to certain limits | Statutory Audit is mandatory | Statutory Audit is | Not mandatory up to certain limits | Not mandatory up to certain limits |
Choose the service you are interested in.
Our Expert will provide a free consultation over the phone.
Complete a brief form and share the form with us.
Share required documents as indicated in the questionnaire
We value your feedback as it helps us better understand and serve our clients.
Pay professional fees post-incorporation
Receive incorporation certificate and PAN number.
Our executive will handle form filing with government departments.
Pay applicable government fees and digital signature charges.
Choose the service you are interested in.
Our Expert will provide a free consultation over the phone.
Complete a brief form and share the form with us.
Our executive will handle form filing with government departments.
Pay applicable government fees and digital signature charges.
Share required documents as indicated in the questionnaire
Receive incorporation certificate and PAN number.
Pay professional fees post-trial offer
We value your feedback as it helps us better understand and serve our clients.