| Recommended for |
Separate Legal entity |
Partnership firm with Legal existence |
Business Managed by Single Person |
Business managed by two or more people |
Business Managed by Single Person |
| Registration |
Registration is mandatory under Companies Act, 2013 with ROC |
Registration is mandatory under LLP Act, 2008 with ROC |
Registration is mandatory under Companies Act, 2013 with ROC |
Optional under Partnership Act |
No formal registration required |
| Limited Liability |
Applicable |
Applicable |
Applicable |
NA |
NA |
| Name Approval |
Approval required from ROC (shall be end with word "Private Limited") |
Approval required from ROC (shall be end with word "LLP") |
Approval required from ROC (shall be end with word "OPC Ptivate Limited") |
Not required |
Not required |
| Legal Status |
Separate Legal entity |
Separate Legal entity |
Separate Legal entity |
No separate Legal entity |
No separate Legal entity |
| Tax on Profit |
25% (upto 250 cr ) |
Flat rate @ 30% |
Flat rate @ 30% |
Flat rate @ 30% |
Normal Slab rate |
| Equity funding |
Yes |
Yes |
Yes |
Yes |
No |
| Partnership Deed/LLP Agreeement |
possible |
Not possible |
Not possible |
Not possible |
Not possible |
| Audit requirement |
Mandatory |
If Annual T/O exceeds Rs 40 lakhs or capital exceeds Rs 25 lakhs |
Mandatory |
If Annual T/O exceeds Rs 1 crores |
If Annual T/O exceeds Rs 1 crores |
| Annual Compliances Cost |
3X |
3X |
3X |
2X |
X |
| Registration Cost |
3X |
2X |
2.5X |
1.5X |
X |
|
Get Started |
Get Started |
Get Started |
Get Started |
Get Started |
