Start a business
The first step for starting your business is to select the type of business entity through which you would operate and conduct business activities. These types include Sole Proprietorship, Partnership firm, Limited Liability Partnership (LLP), One Person Company (OPC) and Private Limited Company. There are various factors such setup cost, scalability, maintenance cost, legal protection, etc. which need to be considered before making the above selection. We are here to guide you to select the business entity most suited to your business objectives. You can chat with us on Whatsapp or speak to our executive any time.
There are various factors which need to be considered before deciding / selecting the business structure or entity through which you should operate your business. These factors can be broadly categorised as below:
1. Capital Requirement & growth
2. Setup cost & effort
3. Maintenance cost & effort
4. Liability & Perpetuality
5. Taxation
6. Regulation
In any case, we have examined each factor relevant for selecting the right business structure for any person and presented them below for your ease of reference.
- Number of Person
- Governing Act
- Registration requirement
- Liability
- Separate Legal entity
- Perpetual Existence
- Statutory Compliances*
- Statutory Audit*
- Tax Rates
- Tax on profits/ dividend distributed
- Recommended For
* Extent of Tax compliances and requirement for Tax Audit is same for all business structures, the above details pertain to compliance and audit requirement under their respective statues.
** Applicable when turnover exceeds INR 40 Lakh or contribution exceeds INR 25 Lakh
Click on the Business Entity you want to Setup
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