Different Types of Companies in India

This is the simplest form of business where a single person owns and manages the business. The owner has unlimited liability and is personally responsible for all debts and liabilities of the business.

Sole Proprietorship

A partnership firm is a business owned by two or more persons who share profits and losses. Each partner has unlimited liability and is personally responsible for the debts and liabilities of the partnership.

Partnership Firm

An LLP is a hybrid form of partnership and a company. The partners have limited liability and are only responsible for the debts and liabilities of the  business up to their agreed contribution.

Limited Liability Partnership (LLP)

A private limited company is a separate legal entity from its owners, and shareholders have limited liability. The number of shareholders is limited to 200, and shares cannot be traded publicly.

A public limited company is similar to a private limited company, but shares can be traded publicly on a stock exchange. It requires a minimum of seven shareholders and three directors.

Public Limited Company

An OPC is a type of private limited company with only one shareholder. It is ideal for small businesses that want to limit their liability and maintain complete control over their operations.

One Person Company (OPC)

A Section 8 Company is a non-profit organization that is registered for charitable purposes, such as promoting science, education, religion, art, social welfare, or any other useful purpose.

Section 8 Company

A Foreign Company is a company that is registered outside India and has established a place of business or branch office in India. It is governed by the laws of its home country and the laws of India.

Foreign Company