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The Economic Times

Personal Finance / The Economic Times

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Sole proprietorship, LLP or private limited company?

Choosing the right business structure is crucial for a startups 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.

15 Jun 2026 6:30 am