NEW COMPANY REGISTRATION

  The easiest form of business done in India, Proprietorship is a type of organization where the responsibility of operation and running the business solely lies with the owner. A one-man owned business organization, it is the most cost-effective way of starting a business if you have a small working capital. Moreover, the compliances are quite minimal and easy to fulfil.

  A Partnership is a type of business organization where 2 or more individuals come together to form and develop a new business, dividing the profits in an agreed ratio. Simple and easy to form, a Partnership organization’s compliance is quite minimal when compared to formation of companies. 

  As per Company’s Act 2013, section 2(62), a company can be formed with just ONE Director and one member termed as OPC – One Person Company. Through OPC, an individual can reap benefits of being a company with a limited liability. The individual can take risks without having much to worry about losing personal possessions. It is a type of company where the compliances are lesser than that of a private company, thus encouraging many start-ups and young entrepreneurs to register as an OPC.

A private limited company or a Pvt Ltd is a type of company privately held for small and medium sized businesses. In this type of business entity, the owner liability is limited to their shareholdings and limits shareholders from trading shares publicly.

  A Limited Liability Partnership firm is a mix structure between a private limited company and a partnership firm where the business operations is carried out in a corporate context but guided by the terms of the mutually approved partnership deed.