To start any kind of business in India you need to apply for registrations and licenses. The basic registration required to start a business in India is company registration. You can register 3 type of companies to start a business in India
Private Limited Company
This is the most credible structure and is generally preferred by the IT companies.
- Can raise funds by investors
- A bit higher cost of yearly filings
- Most suited for IT companies and technology based startups
Limited Liability partnership
This is suitable for family businesses, trading businesses and Real estate companies
- Cannot raise funds by investors
- Lower cost of yearly filings
- Family and trading businesses
Sole Proprietorship
This is suitable for family businesses, trading businesses and Real estate companies