See Private Limited Company, LLP, OPC, Partnership and Sole Proprietorship side by side — or answer three quick questions for a guided recommendation — before you file anything with the MCA.
Tap up to three options below — the table updates live. Prefer guidance? Switch to Help me choose for three quick questions.
Choose 2–3 options. Selected ones appear in the comparison below.
| What to compare |
Private Limited
Know more →
|
LLP
Know more →
|
OPC
Know more →
|
Partnership
Know more →
|
Sole Prop.
Know more →
|
|---|---|---|---|---|---|
| Registration | MCA · Companies Act, 2013 | MCA · LLP Act, 2008 | MCA · Companies Act, 2013 | Registrar of Firms | Not mandatory |
| Minimum owners | 2 people | 2 partners | 1 person | 2 partners | 1 person |
| Personal risk | Limited to share capital | Limited to contribution | Limited to share capital | Unlimited liability | Unlimited liability |
| Foreign ownership | Allowed | Allowed | Not applicable | Not allowed | Not applicable |
| Tax on profits | ~25% + cess/surcharge (as applicable) | ~30% + cess/surcharge (as applicable) | ~25% + cess/surcharge (as applicable) | ~30% + cess/surcharge (as applicable) | Individual slab rates |
| Annual filings | ROC annual return + accounts + ITR | Form 8, Form 11 + ITR | ROC annual return + accounts + ITR | Income tax for firm & partners | Proprietor ITR only |
| Statutory audit | Mandatory every year | If contribution > ₹25L or turnover > ₹40L | Mandatory every year | IT audit if turnover exceeds limit | IT audit if turnover exceeds limit |
| Funding readiness | Strong — equity / investors | Moderate — partnership style | Limited until conversion | Low for institutional capital | Low for institutional capital |
| Can convert later? | Yes — to Public Co. or LLP | Yes — conversion paths available | Yes — often to Pvt Ltd / LLP | Yes — to Pvt Ltd or LLP | No direct conversion route |
| Compulsory Pvt Ltd? | No | No | No | No | Yes if turnover exceeds ₹2 Cr |
| Business name | ROC name approval required | ROC name approval required | ROC name approval required | Any unused name; avoid trademarks | Any unused name; avoid trademarks |
Still unsure? Use for a 60-second recommendation, or get personalised next steps below.
This filters solo-only options like OPC and Sole Proprietorship.
Best fit when you want limited liability and room to raise equity capital.
Best fit when you want limited liability and room to raise equity capital.
Share your business stage and we will help you understand the registration, GST, license, accounting, payroll, and compliance requirements.