Private Limited Company is the most popular corporate entity that is registered extensively in India. It is regulated and governed by MCA (Ministry of Corporate Affairs) and regulated by the Companies Act, 2013 and the Companies Incorporation Rules, 2014.We can help you with company registration across India at a very competitive price. Advantages of registering a private limited company as below.
Learn MorePartnership firm is a business entity created by persons who have agreed to share profit or loss of business. Partnership is a good choice of business entity for small enterprises wherein two or more persons decides to contribute to a business and share the profit or loss. In India, Partnership are widely prevalent because of its ease of formation and minimal regulatory compliance. Hence, Partnership are most prevalent type of business entity wherein a group of people are involved.
Learn MoreThe concept of One Person Company in India introduced through Companies Act, 2013 to support entrepreneurs who on their own capable of starting venture by allowing them to create a single person business entity. One of the biggest advantages of One Person Company (OPC) is that there can be only one member in OPC, while a minimum of two members required for incorporating and maintaining Private Limited Company or Limited Liability Partnership (LLP). Similar to a Private Limited Company, a One Person Company is a separate legal entity from its promoter, offering limited liability protection to its sole shareholder, while having continuity of business and being easy to incorporate.
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| Criteria | Private Limited Company | One Person Company | Sole Proprietorship | Limited Liability Partnership | Partnership Firm |
|---|---|---|---|---|---|
| Ideal for Business | Startup & Growing Companies | Single Promoter | Small Traders & Manufacturers | Professionals Service Firms | Small businesses & Home Businesses |
| Requirements | 2 Directors/Shareholders | 1 Director/Shareholder | 1 Proprietor | 2 Partners | 2 Partners |
| Initial Investment | Not Required | Not Required | Not Required | Not Required | Not Required |
| Tax Advantages | Few benefits | Few benefits | Minimal | Most efficient | Minimal |
| Compliances | High | High | Minimal | Low | Minimal |
| Limited Liability Protection | Yes | Yes | No | Yes | No |
| Investment Options | Very easy to accommodate | Possible but unlikely | Not possible | Possible but unlikely | Not possible |
| Managing Cost | High | High | Very Low | Moderate high | Very Low |
| Paper Work | High | High | Very Less | Moderate high | Less |
| Perpetual Existance | Yes | Yes | No | Yes | No |
| Time Taken | 5-10 days | 5-10 days | 5-7 days | 5-10 days | 5-10 days |
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