ONE PERSON COMPANY(OPC)
LIMITED LIABILITY PARTNERSHIP
PRIVATE LIMITED COMPANY
PUBLIC COMPANY
A proprietorship is a type of business owned and operated by one individual. It's the simplest form of business structure, where the owner has full control and responsibility. Profits and losses are personal, and the business is not separate from the owner for legal or tax purposes.
₹ 999
₹3,699
(Exclude GST)
A partnership is a business structure where two or more individuals share ownership and responsibilities. Each partner contributes capital, skills, or labor, and profits or losses are shared according to the partnership agreement. From a tax perspective, partnerships are considered pass-through entities, meaning the business itself is not taxed. Instead, profits and losses are reported on the partners' individual tax returns, and they pay taxes at their personal rates. This can offer flexibility in managing tax liabilities.
₹ 999
₹3,699
(Exclude GST)
A one-person company (OPC) in the tax and GST field offers unique advantages. It allows a single entrepreneur to manage a business as a separate legal entity, limiting personal liability. From a tax perspective, OPCs are subject to corporate tax rates, which can be beneficial compared to individual income tax rates. They must maintain proper financial records and file annual tax returns, similar to other corporate entities.
₹ 999
₹3,699
(Exclude GST)
A Limited Liability Partnership (LLP) combines the benefits of a partnership with the limited liability of a corporation. In terms of taxation, LLPs are treated as a partnership, where the income is taxed at the individual partner's level, avoiding double taxation. Each partner reports their share of income on their personal tax returns, and the LLP itself doesn't pay income tax.
₹ 999
₹3,699
(Exclude GST)
A private limited company in the context of tax and GST has several implications. It is a distinct legal entity, which means it pays corporate tax on its profits. The tax rate for such companies is often lower than that for individuals. Additionally, private limited companies must comply with Goods and Services Tax (GST) regulations if their turnover exceeds the threshold limit set by the government.
₹ 999
₹3,699
(Exclude GST)
Public companies in the tax and GST field are subject to specific regulations that impact their operations and financial reporting. These companies must comply with corporate income tax regulations, which vary by jurisdiction, affecting their profitability and cash flow. Additionally, they are required to manage Goods and Services Tax (GST), a value-added tax levied on most goods and services sold for domestic consumption.
₹ 999
₹3,699
(Exclude GST)