LLP vs Pvt Ltd vs OPC in India: Which Business Structure is Best?
Starting a business in India begins with one crucial decision: choosing the right business structure . The structure you choose affects taxation, compliance, funding, legal liability, and growth potential. Among the most popular options for entrepreneurs are Limited Liability Partnership (LLP) , Private Limited Company (Pvt Ltd), and One Person Company (OPC) . Each structure has its own advantages and limitations. This article explains the differences between LLP, Pvt Ltd, and OPC in India, helping you choose the best option for your business. Understanding Business Structures in India India offers multiple business structures under the Companies Act, 2013 and LLP Act, 2008. Among them, LLP, Pvt Ltd, and OPC are the most preferred due to their limited liability benefits and formal recognition. Choosing the right structure depends on factors like ownership, compliance requirements, taxation, capital needs, and future expansion plans. 1. Limited Liability Partnership (LLP) What is a...