- Private Limited Company (Pvt Ltd): The most popular assembly for small and medium businesses, it requires a minimum of two shareholders and two directors. Shareholders' liability is limited to the free amount on shares, and the company’s shares cannot be traded publicly. This structure is ideal for businesses seeking investment and limited liability protection.
- Public Limited Company (PLC): A public limited company can matter shares to the public and list on a stock exchange. It requires a minimum of three directors and seven shareholders. This type of company is fit for large businesses that require capital from public investors.
- Limited Liability Partnership (LLP): This hybrid assembly combines elements of a partnership and a company. It requires at least two partners and offers limited liability, protecting personal possessions from business debts. It is ideal for professional firms such as law and accounting practices.
- Sole Proprietorship: This is the simplest business structure, where one person owns and operates the company. While easy to start, the owner has unlimited liability for business debts.
- One Person Company (OPC): This allows a single separate to form a company while limiting their liability. It’s perfect for entrepreneurs who want to enjoy the benefits of a Private Limited Company with a sole ownership structure.
For company registration online, the process is streamlined and efficient. It allows magnates to register these various types of companies quickly with digital documentation and e-filing.