Starting a business gets confusing when it comes to whether one should incorporate a Private Limited Company, an LLP (Limited Liability Partnership), or an OPC (One-Person Company). Isn’t it? No worries! This article will clear your doubts and un-clutter your mind so that you can confidently go ahead and start taking action.
Basically, the suitability of all three forms of entities depends upon your needs and your situation. In the Indian legal system, the system allows various types of companies to exist under different Types of company registration in India and the following are-
1.Private Limited Company 2.Limited Liability Partnership 3.One Person Company 4.Partnership Firm 5.Sole Proprietorship 6.Section 8 Company 7.Limited Company 8.US Company