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Private Limited Company One Person Company (OPC) Limited Liability Partnership (LLP)
8899/- All Inclusive 7899/- All Inclusive 7899/- All Inclusive
2 DIN, 2 DSC 1 DIN, 1 DSC 2 DIN, 2 DSC
Drafting of Memorandum and Articles Drafting of Memorandum and Articles Drafting of Partnership Agreement
PAN, TAN PAN, TAN PAN, TAN
Government Fees and Stamp Duty Government Fees and Stamp Duty Government Fees
Post Incorporation Support Post Incorporation Support Post Incorporation Support

Choosing the right company structure for your business is major decision. The right business structure will allow your enterprise to operate efficiently and meet your required business targets. In India, every business must register themselves as part of the mandatory legal compliance.

Let’s try and understand the types of business structures in India.

Particulars Private Limited Company One Person Company (OPC) Limited Liability Partnership (LLP)
Registration Registered with the Ministry of Corporate Affairs under the Companies Act, 2013. Registered with the Ministry of Corporate Affairs under the Companies Act, 2013. Registered with the Ministry of Corporate Affairs under the Limited Liability Partnership Act, 2008.
Name of Entity The choice of name must be approved by the Registrar of Company. Only names that are not identical / similar to an existing company /LLP name or Trademark and names that are not offensive or illegal would be allowed. The name of the entity will end with the words “Private Limited Company”. The choice of name must be approved by the Registrar of Company. Only names that are not identical / similar to an existing company/ LLP name or Trademark and names that are not offensive or illegal would be allowed. The name of the entity will end with the words “OPC” or “One Person Company”. The choice of name must be approved by the Registrar of Company. Only names that are not identical / similar to an existing company/ LLP name or Trademark and names that are not offensive or illegal would be allowed. The name of the entity will end with the words “Limited Liability Partnership” or “LLP”.
Legal Status Private Limited Company is a separate legal entity registered under the Companies Act, 2013. Members of a Private Limited Company are not personally liable for the liabilities of the Company. One Person Company is a separate legal entity registered under the Companies Act, 2013. Members of a One Person Company are not personally liable for the liabilities of the Company. LLP is a separate legal entity registered under the LLP Act, 2008. The partners of a LLP are not personally liable for the liabilities of the LLP.
Member’s Liability Shareholders have limited liability and is liable only to the extent of their share capital. Director and Nominee Director have limited liability and is liable only to the extent of his/her share capital. Partners have limited liability and is liable only to the extent of their contribution to the LLP.
Minimum and Maximum ceiling of Member Minimum - 2 members
Maximum – 200 members
Minimum - 1 Director and 1 Nominee
Maximum - 1 Director and 1 Nominee
Minimum - 2 members
Maximum – Unlimited
Foreign Ownership Foreigners are allowed to invest in a Private Limited Company under the Automatic Approval route in most sectors. Director and Nominee Director cannot be Foreigners. Foreigners are allowed to invest in a LLP only with prior approval of Reserve Bank of India and Foreign Investment Promotion Board (FIPB) approval.
Transferability Ownership can be transferred by way of share transfer Ownership can be transferred Ownership can be transferred
Existence Existence of a Private Limited Company is not dependent on the Directors or Shareholders. Could be dissolved only voluntarily or by Regulatory Authorities Existence of a One Person Company is not dependent on the Director or Nominee Director. Could be dissolved only voluntarily or by Regulatory Authorities. Existence of a LLP is not dependent on the Partners. Could be dissolved only voluntarily or by an Order of the Regulatory Authorities.
Taxation Private Limited Company profits are taxed at 30% plus surcharge and cess as applicable. One Person Company profits are taxed at 30% plus surcharge and cess as applicable. LLP profits are taxed at 30% plus surcharge and cess as applicable.
Annual Statutory Meetings Board and General Meetings must be conducted periodically. No requirements to conduct annual statutory meetings. No requirements to conduct annual statutory meetings.
Annual Filings Private Limited Company must file Annual Accounts and Annual Return with the Registrar of Companies each year. Income Tax Return must also be filed for the Private Limited Company. One Person Company must file Annual Accounts and Annual Return with the Registrar of Companies each year. Income Tax Return must also be filed for the One Person Company. LLP must file Annual Statement of Accounts & Solvency and Annual Return with the Registrar each year. Income Tax Return must also be filed for the LLP.
Time Taken for Registration 15-20 Days 15-20 Days 10-15 Days