Company Setup

A sole proprietorship is suitable for small enterprises with minimum compliance, whereas a partnership firm is best suited to joint ownership ventures, albeit both carry limitless liability. Entities having limited liability, such as Limited Liability Partnerships (LLPs) or Private Limited firms (Pvt. Ltd.), are preferable, with Pvt. Ltd. firms providing scalability and simpler finance access. Large firms can raise funds from the public through a Public Limited Company (PLC), whilst One Person Companies (OPC) give limited liability for individual proprietors. Non-profits can register as Section 8 Companies to receive tax breaks, and Joint Ventures enable partnerships, notably for international market entrance. The decision is based on criteria such as liability, compliance, finance requirements, and company objectives.