One of the most important decisions faced while starting a business is the choice of the structure of the organisation. Here are some of the types of organisation structures used in India –
- Private Limited Company
- One Person Company (OPC)
- Limited Liability Partnership
- Partnership Firm
The organisational structure selected will be of utmost importance throughout its existence. It will not only affect the mode & ability of raising fresh capital but also the amount of taxes that are required to be paid, the books of account required to be kept, the annual compliances as well as the liability of the its members.
To help you understand the difference and similarities between different types of organisational structures, we’ve made a summary below –
Comparision of Organisation Structures
Separate Legal Entity
Maximum Number of Members
Foreign Investment Possible
PRIVATE LIMITED COMPANY
(LIMITED LIABILITY PARTNERSHIP)
Yes [Approvals required]
(ONE PERSON COMPANY)
Still confused on which organisational structure would suit you and your business idea, Contact us now and we’ll further guide you by understanding your requirements.