Kajol Mathur & Associates
Practicing Company Secretaries
Our Start-up Services
Selecting & Incorporating the ideal legal structure for your business : Sole Proprietorship, Private Company, Public Company, Partnership, LLP, OPC or Sec 8 Company to acquiring all necessary Registrations & Licenses.
01
Sole Proprietor
A Sole Proprietorship is the simplest & most common form of business structure in India, owned and managed by a single individual. This entity does not require formal registration.
02
Private Company
A Private Limited Company (Pvt Ltd) is a popular business structure in India, characterized by limited liability for its shareholders and restrictions on share transfer. Incorporation is done under Companies Act, 2013.
03
Public Company
A Public Limited Company is a type of business entity that offers its shares to the general public. Governed by the Companies Act, 2013. The company is a distinct legal entity from its shareholders.
04
Partnership
A Partnership is a business structure where two or more individuals come together to operate a business and share its profits and losses. They are governed by the Indian Partnership Act, 1932
05
LLP
A Limited Liability Partnership (LLP) combines the benefits of a partnership with the advantages of limited liability for its partners. Partnerships are Governed by the Limited Liability Partnership Act, 2008.
06
OPC
A One Person Company (OPC) is a unique business structure introduced under the Companies Act, 2013, allowing a single entrepreneur to operate a corporate entity with limited liability.
07
Sec 8 Company
A Section 8 Company under the Companies Act, 2013 is a legal entity established for non-profit purposes, such as promoting social welfare, religion and charity.
Types of Legal Business Structures in India
Business structure | Applicable Law | Incorporation Process | Cost of Compliance | Suitable for |
|---|---|---|---|---|
Sole Proprietorship | No specific law, governed by general business laws. | No formal registration required, governed by general business laws. | Low | Small traders, freelancers, and local businesses. |
Partnership Firm | Indian Partnership Act, 1932 | Partnership deed execution; optional registration. | Low to Moderate | Small and medium businesses. |
LLP | Limited Liability Partnership Act, 2008 | Registration with MCA, filing of LLP Agreement. | Moderate | Professionals, consultants, and small businesses. |
One Person Company | Companies Act, 2013 | Incorporation with MCA, nominee appointment. | Moderate to High | Solo entrepreneurs wanting corporate benefits. |
Private Co | Companies Act, 2013 | Registration with MCA, MOA & AOA filing, obtaining DSC & DIN. | High | Startups, growing businesses. |
Public Co | Companies Act, 2013 | Registration with MCA, minimum 7 members. | Very High | Large-scale businesses. |
Trademark registration protects a brand's identity by granting exclusive rights to use a name, logo, or symbol.
The Import Export Code (IEC) is a mandatory 10-digit registration for businesses engaged in international trade in India.
