Set up your Business

Proprietorship

Recommended for Single Owner
  • Operated by a Single Person
  • Very few Statutory Compliance
  • Easy Closure of the Business
  • Lower Tax Rates Applicable (5% - 30%)
  • Business Name not Secured
  • Not Eligible for Equity Funding
  • Limited Liability Protection Not Available

One Person Company (OPC)

Recommended for Single Owner
  • Operated by a Single Person
  • Secured Business Name
  • Limited Liability Protection Applicable
  • Privileges of a Private Limited Company
  • Lower Tax Rates not Applicable (Taxed at 30%)
  • Not Eligible for Equity Funding
  • Moderate or High Statutory Compliance

Partnership Firm

Recommended for Multiple Owners
  • Managed by more than One Person (upto 20 partners)
  • Moderate Statutory Compliance
  • Cannot be Transferred
  • Business Name Not Secured
  • Lower Tax Rates not Applicable (Taxed at 30%)
  • Not Eligible for Equity Funding
  • Limited Liability Protection Not Available

Limited Liability Partnership

Recommended for Multiple Owners
  • Managed by more than One Person
  • Secured Business Name
  • Can be Transferred
  • Limited Liability Protection Applicable
  • Lower Tax Rates not Applicable (Taxed at 30%)
  • Not Eligible for Equity Funding
  • Moderate or High Statutory Compliance

Private Limited Company

Recommended for Multiple Owners
  • Secured Business Name
  • Eligible for Equity Funding
  • Limited Liability Protection available
  • Minimum 2 Directors required (Max. 15)
  • Can be Transferred
  • Lower Tax Rates not Applicable (15% - 25%)
  • Moderate or High Statutory Compliance