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Particulars Private Limited Company LLP One Person Company Partnership Firm Sole Proprietorship
Type of Business For businesses aiming large turnover and investment For professional partnerships and business partnerships For single promoters For small business organisations by partners For single promoter doing small business
Liability of Promoters Limited Limited Limited Not Limited Not Limited
Nature of Existence Separate Legal Entity Separate Legal Entity Separate Legal Entity Partners are liable personally Same as proprietor
Outside Investment infusion Easy to accommodate Possible Require conversion to Private Limited Need to add as partner Impossible
Compliance Requirements High Low High Low Low
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