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Website onboarding is a prominent part of user onboarding experiences and is often the first stage of onboarding flows taking place on web.

Private Limited

OPC

Sole Proprietorship

Partnership

LLP

Business separate from owners

Easiest & fastest to start

Operational flexibility

Business separate from owners

Ability to raise funds

Easy to manage & operate

Simplest form of business structure

Ownership defined in Partnership deed

Ownership defined in LLP agreement

Shares can be transferred easily

Full control of business decisions

Shared decision making

Flexible management structure

Boosts credibility for funding & loan

Simplicity of a sole proprietorship with the liability protection of a private limited company

Flexibility in branding, allowing owners to use a trade name different from their legal name

Defined profit sharing

Enjoy perpetual succession, ensuring continuity despite changes in partner composition

Financial disclosures are mandatory, making sensitive details accessible

Limited access to funds

Business ceases to exist when owner dies or becomes incapacitated

Partnership is not independent of its partners

Limited transferability of ownership

More compliance requirements

Limited Growth Potential

Partners have unlimited liability

Difficulty in finding partners

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