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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 |
It is a tedious task to accomplish the dream of formation of company. We are reliable firm providing assorted range of proficient financial services to our esteemed clientele. Our financial experts assist in formation of Formation of Company in
We are reliable firm known for Formation of Limited Liability Partnership Firm (LLP). The cost of forming an LLP is low. If you want to start your business with Limited Liability Partnership, then you must get it registered under Limited
We are renowned company for Registration of One Person Company in accordance to our esteemed clientele. We will take all the pain for Registration of One Person Company at any given place as per our clients’ requirements. The concept of One
Partnership Firm is one of the most important forms of a business organization, where two or more people come together to form a business and divide the profits thereof in an agreed ratio. We are prominent company for Registration of Partnership
A sole proprietorship is a type of business that is owned, managed and controlled by one person. If you are planning to start your own business and seeking assistance for sole proprietorship firm registration, get in touch with us. The company is
When forming a new Trust or NGO society, getting the required registration and other regulations is imperative. Operating from Delhi, India, we are offering reliable Trust & NGO Society formation services. We assist you in offering complete
GST registration helps you in getting your business recognized as a legal registrant but also opens a number of opportunities for your business. We are here to assist our valuable clients to pass the tedious GST Registration process. Goods and
We are renowned firm dealing in PAN/TAN Registration in accordance to our clients’ requirements. PAN refers to the Permanent Account Number. Its primary function is to prevent tax evasion by keeping a complete track of monetary transactions.
Contact Us
P V R & Associates
4A/54, Old Rajinder Nagar, Delhi - 110060, India
Mobile : +91-9990958035, +91-9968220076
Phone : +91-11-49537200
