Start Your Business

Choose Your Business Structure

Not sure which business structure fits you? Take our quick quiz and we’ll recommend the best option for your needs.

Business Type

Private Limited Company

Business separate from owners
Ability to raise funds
Shares can be transferred easily
Boosts credibility for funding & loan
Financial disclosures are mandatory, making sensitive details accessible
More compliance, more rules
Prohibition on public subscription of shares

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Business Type

One Person Company (OPC)

Business separate from owners
Easy to manage & operate
Full control of business decisions
Simplicity of a sole proprietorship with the liability protection of a private limited company
Limited access to funds
Limited Growth Potential
Nominee Director required

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Business Type

Sole Proprietorship

Easiest & fastest to start
Simplest form of business structure
Full control of business decisions
Flexibility in branding, allowing owners to use a trade name different from their legal name
Business ceases to exist when owner dies or becomes incapacitated
Limited Growth Potential
Unlimited liability on the owner

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Business Type

Partnership Firm

Operational flexibility
Ownership defined in Partnership deed
Shared decision making
Defined profit sharing
Partnership is not independent of its partners
Partners have unlimited liability
Risk of disputes

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Business Type

Limited Liability Partnership (LLP)

Business separate from owners
Ownership defined in LLP agreement
Flexible management structure
Enjoy perpetual succession, ensuring continuity despite changes in partner composition
Limited transferability of ownership
Difficulty in finding investment
Risk of disputes

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Business Type

Public Company

Business separate from shareholders
Ability to raise large capital from public or institutions
Shares freely transferable (especially if listed)
Enjoys perpetual succession, ensuring continuity despite changes in shareholding
Heavy regulatory compliance and reporting requirements
Higher cost of formation and ongoing maintenance
Risk of losing control due to dilution of ownership
Sensitive to public and market pressure (if listed)

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Business Type

Foreign Subsidiary Company

Separate legal entity incorporated in India
Owned and controlled by a foreign parent company
Access to Indian market and business ecosystem
Limited liability protection for the parent company
Must comply with FDI regulations and RBI guidelines
Higher compliance and reporting requirements
Requires regulatory approvals and documentation

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Business Type

Section 8 Company

Formed for charitable or non-profit purposes
Separate legal identity
No minimum capital requirement
Eligible for tax benefits and exemptions
Profits cannot be distributed to members
Subject to strict compliance and governance
Suitable only for NGOs and social initiatives

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Not sure about your company choice?

If you're unsure which company structure fits you best, you can take the quiz to explore your options again. For any questions or guidance, feel free to contact us at info@targolegal.com .

More questions? Just write us a message