Business Registration
Important highlights
- Proprietorship: simplest, unlimited liability.
- LLP: limited liability with lighter compliance than a company.
- Private limited: best for fundraising and scale, more compliance.
Think about three things
How much liability you are comfortable with, how many owners there will be, and whether you plan to raise outside funds. The compliance and cost go up as the structure becomes more formal.
Do not forget
Registrations such as GST, MSME, FSSAI or professional licences depend on your activity, not on the structure alone.
Official notification / source: MCA Portal
Editorial summary for awareness. Check the official source before acting.