Features | Private Limited Company | One Person Company | Limited Liability Partnership | Partnership Firm | Proprietorship Firm |
---|---|---|---|---|---|
Seperate Legal Entity | Yes | Yes | Yes | No | No |
Limited Liability | Yes | Yes | Yes | No | No |
Number of Members | Minimum - 2 Maximum - 200 | Minimum - 1 Maximum - 1 | Minimum - 2 Maximum - No limit | Minimum - 2
Maximum - 20 | Minimum - 1 Maximum - 1 |
Number of Directors/Partners | Minimum - 2 Maximum - 15 | Minimum - 1 Maximum - 15 | Minimum - 2
Maximum - No limit | Not Applicable | Not Applicable |
Foreign Investment (FDI) | Allowed with both routes | Not allowed | Allowed with prior approval | Not allowed | Not allowed |
Perpetual Succession | Yes | Yes | Yes | No | No |
Statutory Compliance | High | High | Low | Minimum | Minimum |
Ideal For | Startup and Small Businesses | Sole Business Person | Professionals | Small Businesses | Sole Business Person |
Know More | Know More | Know More | Know More | Know More |
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