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Feature | Private Limited (Pvt. Ltd.) | Limited Liability Partnership (LLP) | One Person Company (OPC) |
Number of people required | Minimum of two | Minimum of two | One |
Suitable if |
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Compliances | More | Fewer | Same as Pvt. Ltd. |
Tax | 22% on profits + Dividend tax | 30% on profits and no tx on profits received\ | Same as Pvt. Ltd. |
Cost of compliances | High – Around Rs 20000/year for turnover upto 20 lakhs | Low – Around Rs10k/year for turnover upto 10 Lakhs | Similar to Pvt. Ltd. |
Suitable for | Large businesses | Medium and large businesses | Small businesses |
About Rohit Lohade
Rohit Lohade is a Chartered Accountant with 15+ years of experience. He has assisted more than 300 Gobal Companies with India Entry Strategy