Difference between Private Limited Company, LLP and OPC

Key Differences Between Private Limited (Pvt. Ltd.), Limited Liability Partnership (LLP), and One Person Company (OPC) in India

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	You want to raise funds from investors High growth companies Want to issue ESOPs to the employees	Do not want to raise funds from investors Family Business Real estate	If you are only a single person
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