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A sole proprietorship is a simple and easiest form of business entity. It requires only a single person, certain essential documents and less capital to setup this as compare to other entity and the owner of this business is treated as a proprietor. And it is involved with less legal activity and compliance. To form this proprietorship firm, a proprietor should have to do some registration in local government. For this, he/she can take the help of a consultant to make this process easy. As a matter of fact, the expert professionals have lots of experiences and knowledge on it, because they are doing their practical jobs as same. Hence they can guide you in proper way, so that you can get done your registration in a less time. See the parameters to get an overall idea about proprietorship: 1. What is Sole Proprietorship? 2. What is Proprietorship Registration? 3. Advantages of Sole Proprietorship Firm 4. How to Register a Sole Proprietorship? 5. Documents required for Proprietorship Registration 6. Certificate Mandatory for Proprietorship Firm

Limited Liability Partnership (LLP), introduced in 2008, has quickly become a popular legal structure for businesses. A LLP has combined the advantage of partnership and company into a single form of organization. The LLP is also cheaper to incorporate, requires less compliance and can be a smart shift from a tax viewpoint. However, if you're looking to increase venture capital or magnetize talent with employee stock options, private limited is the way to go as LLPs cannot easily accommodate it. Benefits of Incorporation of One Person Company Limited Liability- Limited Liability means the status of being legally responsible only to a limited amount of debt of a Company. Unlike proprietorship and partnership, in a limited company the liability of a partner is limited only to the amount of debt i.e. the liability of the partner is limited only to the extent of face value of shares taken by them. Due to which when a company is limited by shares, the liability of members at the time of winding up is limited to the extent of unpaid amount on shares. So, the partner's private property is always safe no matter what is the amount of debt. Better image and credibility in Market- In India, OPC is a Private Limited Company, which is a admired and accepted structure. Corporate Customers, Vendors and Govt. Agencies choose to deal with Private Limited Company instead of proprietorship firms. Easy to Sell OPC- An OPC Company is very easy to sell. Less documentation and cost is required. Easy to Manage and Freedom from Compliances- OPC is one of the simplest forms of corporate entities to control. Very few ROC filing is to be filed with the Registrar of Companies (ROC). No AGM and other secretarial compliances are required.