Register Private Limited Company - Rs. 9,000

Which type of Company to register? – #Start Business in India

By Paras Mehra

( 2.41K Views) February 13, 2017

Which Form of Company to Choose to register

Choosing a form of business to start your business in India is the crucial step and hence proper attention should be given. Let us analyze each entity type based on the advantage, disadvantage and other available information.

	Private Limited Company	One Person Company	Limited Liability Partnership
Registration Cost	Rs. 13000 (all inclusive)	11,000 (all inclusive)	7,500 (all inclusive)
Time for registration	10 to 15 Days	10 to 15 Days	25 to 40 Days
Recommended for	Startups	For Single person planning to start the business in India	For traditional businesses
Yearly Cost	10 to 12 thousand	8 to 12 thousand	5 to 10 thousand
Income Tax Rate	30%	30%	30%
Raise Funding	Yes, by selling equity shares	No, this feature is not available	No, this feature is not available
Terms between founders	Written and documented less chances of fraud if drafted properly.	Not applicable (single owner company)	Written and documented less chances of fraud if drafted properly.
Hiring employees	Hiring is easy, benefit of corporate environment.	Hiring is easy, benefit of corporate environment.	Hiring is little difficult, as it is partnership firm.
Loan facility to employee	Salary from Private Company makes them eligible for personal Loan	Salary from OPC makes them eligible for personal Loan	Employees not eligible for Personal Loan under LLP.

Conclusion

You can decide the form of business based on the information above. In case you require more information, you can call us at 9540618336 or email at agam@hubco.in.
For more information on the type of companies, click on the following links: