| Proprietorship | Partnership | LLP | Private Limited Company | Public Limited Company | One Person Company | |
|---|---|---|---|---|---|---|
| Registration | No Formal Registration except registration with tax laws and to obtain licence depends on business | Optional | Register with Registrar of Companies, MCA | Register with Registrar of Companies, MCA | Register with Registrar of Companies, MCA | Register with Registrar of Companies, MCA |
| Ownership | Proprietor | Partners | Partners | Members | Members | Members |
| Management | Proprietor | Partners | Partners | Directors | Directors | Directors |
| Liabilities | Unlimited(personally liable for all debts) | Unlimited(personally liable for all debts) | Limited to Contribution Made | Limited to Shares subscribed | Limited to Shares subscribed | Limited to Shares subscribed |
| Governing Law | Not Applicable | The Indian Partnership Act 1932 | The Limited Liability Partnership Act 2008 | The Companies Act 2013 | The Companies Act 2013 | The Companies Act 2013 |
| Number of Members | One | Minimum 2 and Maximum 20 | Minimum 2 and No Maximum Limit | Minimum 2 and Maximum 200 | Minimum 7 and No Maximum Limit | One |
| Documents | NA | Partnership Deed | Certificate of Incorporation, LLP Agreement | Certificate of Incorporation, MOA & AOA | Certificate of Incorporation, MOA & AOA | Certificate of Incorporation, MOA & AOA |
| Investment by Foreigners | Not Allowed | Not Allowed | Allowed | Allowed | Allowed | Allowed to Invest but can't be director |
| Transfer of Ownership | Not Transferable | Not Transferable | Can be transferred | Can be transferred | Can be transferred | Can be transferred |
| Annual Returns | Returns under Tax Laws (Income tax Return, GST Return, etc) | Returns under Tax Laws (Income tax Return, GST Return, etc) | Statement of Annual Accounts and Annual Return with ROC & Returns under Tax Laws (Income tax Return, GST Return, etc) | Statement of Annual Accounts and Annual Return with ROC & Returns under Tax Laws (Income tax Return, GST Return, etc) | Statement of Annual Accounts and Annual Return with ROC & Returns under Tax Laws (Income tax Return, GST Return, etc) | Statement of Annual Accounts and Annual Return with ROC & Returns under Tax Laws (Income tax Return, GST Return, etc) |
| Transfer of Ownership | Not Transferable | Not Transferable | Can be transferred | Can be transferred | Can be transferred | Can be transferred |
