Liability
Whether your personal assets are protected if the business owes money.
All business setup & registrations services
Business Setup & Registrations
Choosing the Right Business Structure
Before anything is registered, FinAura compares the structures open to you: proprietorship, partnership firm, LLP, One Person Company and private limited company. We look at liability, tax, the cost of compliance, whether you plan to raise money or give ESOPs, and how you might exit, then give you a written recommendation.
- Certification through associate practising CAs and CSs
- Bangalore and across India
- One team from set-up to compliance
What is covered
What We Compare
Six questions that decide the right structure for you.
Tax
How profits are taxed in each structure, and on withdrawal.
Funding
Which structures can take equity investment and issue ESOPs.
Compliance load
The filings, audits and meetings each one needs every year.
Ownership and exit
Adding partners, selling the business and succession.
Written recommendation
A short note with the reasons, so the decision is on record.
How the month runs
From Question to Registration
Understand, compare, recommend, register.
Step 1
Understand
- Your business
- Your plans
- Who owns what
Step 2
Compare
- Liability
- Tax
- Compliance
Step 3
Recommend
- Written note
- Questions answered
- Decision
Step 4
Register
- Documents
- Filing
- First compliance
Your part
What We Need From You
- 01What the business does and how it earns
- 02Who the owners are and their roles
- 03Funding and growth plans
Our part
What You Get
- A side-by-side comparison for your case
- A written recommendation with reasons
- Registration in the chosen structure, if you want it
A common question
Can I change the structure later?
Yes, but it costs time and sometimes tax. A proprietorship can move to a company, a partnership to an LLP, an LLP to a company and an OPC to a private limited company, each through its own process.
Choosing with your next three years in mind usually avoids a conversion soon after starting.
See private limited company registrationDecisionWritten and registered
ComparisonLiability, tax, compliance
Your plansOwners, funding, growth
Who it is for
Who This Helps
First-time founders
Deciding before the first invoice.
Partners starting together
Agreeing ownership and roles at the start.
Proprietors growing
Weighing a move to an LLP or company.
Founders planning to raise
Setting up for investors from day one.
The rules, in plain English
What the Law Says
Companies Act, 2013
Sections 3 and 149
A private limited company needs at least two members and two directors (one of each for a One Person Company), and at least one director must be resident in India.
Official source: mca.gov.inLLP Act, 2008
Sections 6 and 7
An LLP needs at least two partners, with at least two designated partners, one of whom must be resident in India.
Official source: mca.gov.inTrade Marks Act, 1999
Registration
A registered trademark gives the exclusive right to use the mark for the goods or services it is registered for, and is valid for ten years at a time, renewable.
Official source: ipindia.gov.inMSMED Act, 2006
Udyam registration
Micro, small and medium enterprises register on the Udyam portal on a self-declaration basis, linked to PAN and GST, and are classified by investment and turnover.
Official source: msme.gov.inThis is general information, not advice for your situation; we confirm what applies to you before any work starts.
Questions we get asked
Business Structure Questions, Answered
Which is better, LLP or private limited company?
A private limited company suits businesses planning to raise equity or issue ESOPs. An LLP suits partner-owned businesses that want limited liability with lighter compliance. The answer depends on your plans.
Is a proprietorship enough to start?
For a small, single-owner business with low risk, often yes. It has the least compliance, but no separation between you and the business.
Does the structure change how much tax I pay?
Yes. Companies, LLPs, firms and individuals are taxed differently, and so are withdrawals as salary, profit share or dividends. We compare these on your numbers.
Do you charge for the comparison if we register with you?
We give a fixed quote for the comparison and registration together after a short call.
Often Taken Together
All 15 Business Setup & Registrations services01Business Setup & RegistrationsPrivate Limited Company RegistrationName approval, incorporation documents, PAN, TAN and the post-incorporation steps, filed and coordinated for you.02Business Setup & RegistrationsLLP and OPC RegistrationLimited liability partnerships and one person companies set up with the agreement and filings done right.03Business Setup & RegistrationsPartnership and Proprietorship Set-UpDeeds, registrations and tax enrolments for firms that do not need a company structure yet.04Business Setup & RegistrationsStartup India and DPIIT RecognitionEligibility checked, application prepared and filed, and the benefits explained in plain terms.05Tax & ComplianceTaxationGST, income tax, TDS, tax planning and notice replies, from reconciled data.06Accounting & FinanceVirtual CFOA Chartered Accountant reading your numbers, planning cash and guiding decisions.