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Compare Business Registrations in India

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Simple & Quick Comparison of different Business Registrations such as Private Limited, OPC, MSME, Shops, Proprietor, Small Business in India, and their obligations, requirements, costs involved. Understand to get a great head start in running your own business.

Compare Business Types in India


ParticularsPrivate Limited Limited Liability PartnershipOne Person CompanyPartnershipProprietorshipPublic Limited
Popularity
Annual Compliance Cost
High
High
High
Medium
Low
High
RegistrationRegistration with ROC under 2013 ActRegistration with ROC under 2013 ActRegistration with ROC under 2013 Act No formal Registration necessaryNo formal registration necessaryRegistration with ROC under 2013 Act
Name ApprovalNeed to be approved with MCANeed to be approved with MCANeed to be Approved with MCANO name approval requiredNO Name approval requiredNeed to be approved with MCA
Legal StatusSeparate legal entity from Owners, Capital is a Personal LiabilitySeparate legal entity from Owners, Capital is a Personal LiabilitySeparate legal entity from OwnersNO Separate Legal Entity for OwnerNO Separate Legal Entity for OwnerSeparate legal entity from Owners, Capital is a Personal liability
BorrowingBanks / NBFCs / PEs / VCs / FoundersBanks / NBFCs / PEs / VCs / FoundersBanks / NBFCs / personal SourcesBanks / NBFCs / personal SourcesPersonal Sources and BanksBanks / NBFCs / FIIs / FIPs
Startup Accreditation?
Liability Limitation *
Owners RemunerationAllowed as per Agreement (Can't exceed 11% of Profits)Partner's remuneration allowed. Certain restrictionsPartner's remuneration allowed Certain restrictionsAllowed as per AgreementOwner's Salary not allowedAllowed as per agreement
Min v/s Max No of Shareholders/Members2-2002-Unlimited1:12:201:17-Unlimited
Min v/s Max No of Directors1-152-152-152-201-13-Unlimited
Foreign MemberAllowed.
But Govt. approval is needed in some cases
Need's Govt. ApprovalNot AllowedNot AllowedNot AllowedNot allowed in Gambling, Betting Chit Funds and sectors not opened for Pvt Ltd
TransferabilityCan be transferred easilyCan be transferredCan be transferredNot AllowedNot AllowedCan be transferred
Income Tax
(Includes surcharge & Education cess)
29.87 - 34.61% 29.87 - 34.61% 29.87 - 34.61% 29.87 - 34.61% 0 - 34.61% 29.87 - 34.61%
GST Applicability & RatesNeeded based on turnover
Rates from 0 to 28%
Needed based on turnover
Rates from 0 to 28%
Needed based on turnover
Rates from 0 to 28%
Needed based on turnover
Rates from 0 to 28%
Needed based on turnover
Rates from 0 to 28%
Mandatory
Rates from 0 to 28%
Board MeetingsTo be held periodicallyNot neededNot neededNot neededNot neededTo be held periodically
Registration Cost fromRs. 5,999/-Rs. 5,999/-Rs. 5,999/-Rs. 5,999/-Rs. 2,499/-Rs. 34,000/-
Plan & PricingPlan InfoPlan InfoPlan InfoPlan InfoPlan InfoContact Now
ExplainedMore InfoMore InfoMore InfoMore InfoMore Info
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