The word ‘Business’ means participating in activities which shall give them freedom in the way they go about doing things in an innovative manner. Ideas may be sprouting in your mind to start with various ideas but before starting a business, you have to register your business as a separate legal entity. Check out the different types of Business registration In India.

1. REGISTRATION
Business Registration
In India
Different Types Of
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2. Different types of business registration!
• Sole Proprietorship
• Partnership Firms
• One Person Company (OPC)
• Public Limited Company
• Private Limited Company
• Limited Liability Partnership (LLP)
• Section 8 Company
There are other forms of Business registration such as:

3. Sole Proprietorship
These are businesses which are run by a
single person or to say a sole trader. There is
no legal distinction between a sole trader and
his/her business. These models do not need
any kind of Business Registration.

4. Partnership Firms
Partnership Businesses in India are governed by
the Indian Partnership Act, 1932. A partnership is
a form of business where two or more people
share ownership, as well as the responsibility of
managing the firm. Partnership business can be
carried out with or without registration.

5. Public Limited Company
In simple terms, a company which is not a Private Limited Company
is a Public Limited Company. They are also registered under, The
Companies Act, 2013. Every such Company should have a minimum
of 7 members and 3 directors. There is no restriction on the transfer
of shares in a Public Limited Company.

6. Private Limited Company
Private Limited Company is the most sophisticated
form of doing business in India and almost every
company in India belongs to this clan. They are
registered under, The Companies Act, 2013. Under
this structure of Company Registration, the
business assets are separated from personal
assets. The name of every such company has to
end with the words Pvt. Ltd.

7. Limited Liability Partnership (LLP)
This concept was first introduced under the Limited
Liability Partnership Act, 2008. A LLP is a hybrid form
of entity which has the characteristics of both, a
partnership firm and a Company. The personal assets
of partners are not put at risk as the maximum
liability of each and every partner is defined by his
share capital in the entity.
It is a more preferred business model for the
investors over Partnership Firms and Sole
Proprietorship as they have better credibility.

8. One Person Company (OPC)
One Person Company is a hybrid form of Sole
Proprietorship and Company form of business which is
governed under The Companies Act, 2013. This model
is a stepping stone for entrepreneurs who can own and
manage the business as a sole member and director of
the Company.

9. Section 8 Company
Non-Profit Organization (NPO) is termed as Sec 8 Company under The
Companies Act, 2013. Section 8 Company is a limited liability Company
formed with charitable objects. The government grants a Section 8
Company the right to drop the terms “private limited” or “limited” as a
suffix from their names, on the following conditions:
a) Section 8 Company must be formed for charitable objects (art, science,
b) Income and profits should be applied towards these objects, and
c) The Section 8 Company should not pay any dividend to its members.
education, sports, social welfare, research, charity, religion, environment)

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