BUSINESS REGISTRATION PLANS
* Below prices indicate starting prices.
In India, entrepreneurs can choose from various business structures, each with distinct features, costs, registration durations, and benefits. Here’s an overview:
Sole Proprietorship
Price: ₹ 1000/- to ₹ 3000/-
Duration: 5 - 10 Days
A business owned and managed by a single individual.
- Complete control over business decisions.
- Simplified tax filings.
- Minimal regulatory compliance.
Partnership Firm
Approx ₹ 5,000 to ₹ 10,000.
Duration: 10 - 15 Days
A business owned by two or more individuals sharing profits and liabilities.
- Ease of formation.
- Shared responsibilities and resources.
- Minimal compliance requirements.
OPC Private Limited
Approx ₹ 15,000 to ₹ 20,000.
Duration: 15 - 20 Days
A company structure allowing a single individual to own and manage, enjoying limited liability.
- Limited liability protection.
- Separate legal entity status.
- Enhanced credibility.
LLP (Limited Liability Partnership)
Approx ₹ 15,000 to ₹ 20,000.
Duration: 15 - 20 Days
A partnership where partners have limited liabilities, combining benefits of a partnership and a company.
- Limited liability for partners.
- Separate legal entity.
- Flexibility in management.
Private Limited
Approx ₹ 15,000 to ₹ 25,000.
Duration: 15 - 20 Days
A privately held company with limited liability, restricting share transfers.
- Limited liability protection.
- Ability to raise capital through equity.
- Separate legal entity status.
Public Limited
Approx ₹ 30,000 to ₹ 50,000.
Duration: 30 - 40 Days
A company whose shares are publicly traded, with no limit on the number of shareholders.
- Ability to raise capital from the public.
- Enhanced credibility and transparency.
- Limited liability for shareholders.
Note: The costs and durations mentioned are approximate and can vary based on professional service fees, state-specific charges, and other factors.
Choosing the appropriate business structure depends on factors like the nature of the business, capital investment, liability concerns, and future expansion plans.