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 |