Sole proprietorship, LLP to private limited company; business structures for startups explained
Published on: June 15, 2026, 6:30 a.m. | Source: The Economic Times
Choosing the right business structure is crucial for a startup’s growth, taxation, compliance, control, and liability. DPIIT highlights five options: sole proprietorship, one-person company (OPC), general partnership, limited liability partnership (LLP), and private limited company. Each differs in ownership, legal liability, funding opportunities, compliance requirements, and suitability for business scale.
