In a proprietorship, the enterprise is owned and controlled by one person. He is master of his show. He sows, reaps, and harvests the output of this effort. He manages the business on his own.
A partnership, as distinguished from a corporation, is not a separate entity from the individual owners. The partnership income tax is paid by the partnership, but the profits and losses are divided among the partners, based on their agreement.
One Person Company(OPC) is for those entrepreneurs who want to register their business as company in india but they are only single founder in the company. One Person Company (OPC) is a type of Private Limited Company where minimum and maximum number of members is one.
The Limited Liability Partnership (LLP) comes among the most commonly popular and globally famous forms of incorporated establishments.
Private Limited Companies
Company form of business is the most-suited vehicle for those entrepreneurs who are looking for business growth and wants to run their business in a systematic way. A Company has a reputation and can arrange Bank Finance easily.