Types of Company Registration in India, Startup Knowledge | Starting a Startup - Entrepreneurship PDF Download

Before you Register a Startup you have to know about the type of business formations or registrations. so in India majorly startups choose following types of business formation -

a) Proprietorship Firm  
In Simple words proprietorship is single man firm. its not a company so your liability is the unlimited in any case. so its a best way to start the business or you can say simplest way. In the case of proprietorship you need service tax registration certificate or VAT Registration certificate and open a current bank accounts. so its recommend to startups when they are just testing their ideas. 

b) Partnership Firm  
In Simple words partnership firm is same as proprietorship firm as a feature but its need 2 person. so in the partnership firm same as liability is the unlimited. its need a registered partnership deed with current bank account again VAT or Service Tax Registration depend on the nature of the business.

c) Private Limited Company (Pvt Ltd)
In Simple words private limited company is the major business formation for the startups and from now in the 2015 there is very simple to register private limited company due to INC 29 Form and no requirements of minimum capital i.e 1 lac rupees. its need minimum 2 Director and best for the growing startups and want to funding from angel investor or VC Firms.

d) Limited Liability Partnership or LLP
In Simple Words its a mixture of Private Limited Company and Partnership firm so feature also as same. its need minimum 2 partners. before 2015 Startup choose this business formation more because in the pvt ltd company cost of formation is more as compare to LLP and second thing i.e is minimum requirements of 1 lac Rupees Capital. 

e) One Person Company or OPC 
In Simple Words OPC is same like as Private Limited Company. but its need just one person. so feature are also same as Private Limited Company.

Well there are also Public Limited Companies but we wont be discussing that since we are at the startup stage, we will be happy to guide you on the same on how to get your IPO done, when you succesfully reach that stage. Cheers