Company Formation & Incorporation
Incorporating your business in India takes 15 to 30 days, depending on whether you choose a private limited company, one-person company (OPC), limited liability partnership (LLP), partnership or sole proprietorship. The key factors to base your decision on are the funding support the business structure provides, start-up costs, the compliance work involved and the tax advantages offered.
Private Limited Company
The best option for start-ups, company is formed as a Private Limited Company. Has to adhere to mandatory compliance; feasible for raising capital, provide employee benefits.
One Person Company (OPC)
An OPC contains only a single partner, but enjoys all the benefits of a Private Limited Company. However, annual revenue should be below Rs. 3 crores.
Limited Liability Partnership
The LLP has the same set-up as a partnership firm, but enjoys advantages of a private limited company. Has lesser regulations and mandatory compliance.