Hybrid structure combining benefits of partnership and company. Partners have limited liability.
| Feature | Proprietorship | Partnership | LLP | Private Limited |
|---|---|---|---|---|
| Legal Status | Not separate | Not separate | Separate | Separate |
| Liability | Unlimited | Unlimited | Limited | Limited |
| Minimum Members | 1 | 2 | 2 | 2 |
| Registration Time | 7-10 days | 10-15 days | 15-20 days | 15-20 days |
| Annual Compliance | Minimal | Moderate | Mandatory | Mandatory |
| Fundraising | Limited | Limited | Difficult | Easy |
| Transferability | No | No | Yes | Yes |
| Cost of Registration | Low | Low | Medium | Medium |
Collect necessary documents - PAN, Aadhar, address proof, photographs, and business address proof.
Apply for Director Identification Number (DIN) and obtain Digital Signature Certificate (DSC).
Apply for company name approval through RUN (Reserve Unique Name) service on MCA portal.
File incorporation forms (SPICe+ for companies) along with MOA and AOA with Registrar.
Receive Certificate of Incorporation from ROC. Company is now legally registered.
Obtain PAN, TAN, open bank account, GST registration (if required), and start business operations.
Private Limited Company is most suitable for startups due to limited liability, easy fundraising through equity, separate legal entity status, and high credibility with investors and customers. Many startup benefits and government schemes are specifically designed for Private Limited companies.
Registration time varies: Proprietorship (7-10 days), Partnership (10-15 days), LLP (15-20 days), Private Limited (15-20 days), Public Limited (25-30 days). These timelines are approximate and depend on document submission and government processing.
There is NO minimum capital requirement for any type of company registration in India. You can start with any amount of capital, even ₹1. The concept of authorized capital has been replaced by "Authorized Share Capital" which can be increased as needed.
Yes, foreign nationals can be directors in Indian companies. They need to provide passport copy (notarized/apostilled), address proof from home country, and Indian visa documents. At least one director must be an Indian resident who has stayed in India for at least 182 days in the previous calendar year.
Annual compliance includes: Annual Return filing with ROC, Income Tax Return filing, GST returns (if registered), TDS returns, Audit (if applicable), Board meetings, Annual General Meeting, and maintaining statutory registers. We provide complete compliance management services.
15+ years experience in company registration across all business structures.
Fastest registration with proper documentation and follow-up.
No hidden charges. Complete breakdown of government and professional fees.
Complete compliance management, accounting, and tax filing services.