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Formation / Incorporation Services

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Planning to start or expand business operations but little apprehensive about where to begin? At P V R & Associates ,we are compliant to shoulder responsibilities whether you have already started out, thinking of initiating or concerned about expanding.

 



Comparison between the Sole Proprietorship, One Person Company, Partnership Firm, Limited Liability Partnership (LLP), Private Limited Company and Public Limited Company

Basis Sole Proprietorship One Person Company Partnership Firm Limited Liability Partnership Private Limited Company Public Limited Company
Formation Minimal Legal Formation, Easiest Formation Registration is Compulsory Registration is Optional, easy Information Registration is Compulsory Registration is Compulsory Registration is Compulsory
Minimum Number of Directors/Partner Single Person (No Guidelines) 1 Director who has to be a resident in India 2 Partners 2 Designated Partner out of which 1 Partner has to be a resident in India 2 Directors out of which 1 Director has to be a resident in India 3 Directors out of which 1 Director has to be a resident in India
Capital Contributions No Guidelines Minimum authorized and Paid-up Capital is INR 1 Lakhs No limit prescribed in the Act No limit prescribed in the Act Minimum authorized and Paid-up Capital is INR 1 Lakhs Minimum authorized and Paid-up Capital is INR 5 Lakhs
Name No Guidelines “One Person Company” shall be mentioned in brackets below the name of such Company No Guidelines Name to end with “LLP” Limited Liability Partnership Name of a private Company to end with the words “Private Limited” Name of a public Company to end with the words “Limited”
Entity Not a separate Legal Entity A Separate Legal Entity Not a Separate Legal Entity A separate Legal Entity from its Partners A separate Legal Entity from its members and directors A separate Legal Entity from its members and directors
Liability Owner has Unlimited Liability Member has limited Liability Partners have unlimited liability Partners have limited liability Members have limited Liability Members have limited Liability
Personal Liability Owner personally liable for debts and losses of business Member not personally liable for debts and losses of one person company Partners personally liable for partnership’s debts and losses incurred by other partners Partners not personally liable for debts and losses of LLP incurred by other partners Members not personally liable for debts and losses of company Members not personally liable for debts and losses of company


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P V R & Associates

4A/54, Old Rajinder Nagar, Delhi - 110060, India

Mobile : +91-9990958035, +91-9968220076, +91-9911251615

Phone : +91-11-49537200

Call Us : 08048050515