Sole Proprietorship vs LLP vs Private Limited Company
Choosing the correct business entity affects liability and compliance requirements.
Comparison: - **Proprietorship**: Easiest to start, low compliance, personal liability. - **LLP**: Limited liability, lower audit compliance, requires agreement filings. - **Pvt Ltd**: Limited liability, easy to raise funding, higher compliance costs (auditors, filings).
Disclaimer
Tax rules, thresholds, and calculations are estimates subject to regulatory changes. Always verify information on the official Income Tax or GST portals, or consult a qualified Chartered Accountant before final filing or payment.