Starting without a founders' agreement
Roles, equity and exits are easy to agree early and painful to argue about later.
Compare business structures, check your MSME category, test your readiness, plan your runway and keep track of compliance dates. Use them as often as you like.
The structure you pick affects liability, funding and paperwork for years. Here is a plain comparison.
| Proprietorship | Partnership | LLP | One Person Co. | Private Limited | |
|---|---|---|---|---|---|
| Owners | 1 | 2 or more | 2 or more partners | 1 member plus a nominee | 2 or more directors and shareholders |
| Separate legal entity | No | No | Yes | Yes | Yes |
| Owner liability | Unlimited | Unlimited | Limited to agreed contribution | Limited to share capital | Limited to share capital |
| Ongoing paperwork | Light | Light | Moderate | Moderate to high | Highest |
| Raising equity funding | Not possible | Not possible | Difficult | Difficult | Best suited |
| Often chosen for | Small trade or freelance work | Family or small partner-run firms | Professional and service firms | Solo founders who want limited liability | Startups and growth-focused companies |
A general guide only. The right choice also depends on tax, funding plans and your sector. We help you decide before you register.
Enter your plant and machinery or equipment investment and your annual turnover, in rupees crore.
Based on the revised MSME classification that applies from 1 April 2025. Limits are set by the government and can change, so we confirm the current position before you register on Udyam.
Tick what you have already done. Your score updates as you go.
How many months can your business run before cash runs out?
Common recurring dates for Indian businesses. Missing them can mean late fees, so put them in your calendar.
Deposit TDS deducted in the previous month.
GSTR-1, outward supplies, for regular monthly filers.
GSTR-3B summary return and tax payment, for regular monthly filers.
Usual last date for a company's AGM, and DIR-3 KYC for directors.
LLP annual Form 8, statement of account and solvency.
Income tax return for companies and others not needing audit. Dates vary by case.
LLP annual Form 11, annual return.
Company filings AOC-4 (financial statements) and MGT-7 (annual return).
Indicative only. Due dates are changed by notification, differ by taxpayer type and can be extended. We confirm the dates that apply to you.
Roles, equity and exits are easy to agree early and painful to argue about later.
A separate account keeps your books clean and makes funding and tax work simpler.
Pick it for your funding and liability needs, not because a friend did.
Check the name before you spend on printing, a website and advertising.
Many founders never apply for support they qualify for. Check before you spend your own money.
Late fees and notices add up. A simple calendar and a reminder avoid most of them.
Customers check you out before they call. A clear website and profile build trust.
The government's online registration for micro, small and medium enterprises. It gives your business an MSME identity used for several schemes and benefits.
Recognition as a startup under the Startup India initiative. It is the gateway to certain tax and other benefits, subject to eligibility.
The Registrar of Companies, the authority where companies and LLPs are registered and file their annual documents.
The 15-character GST identification number given to a registered taxpayer.
A loan that does not need you to pledge property or assets, often backed by a government credit guarantee.
The amount of cash a business spends each month. Net burn is expenses minus income.
A record of who owns how much of the company, including founders and investors.