A sole proprietorship is a type of business structure in which a single individual owns and operates the entire business. This is the simplest form of business organization and is often preferred by small business owners who want to maintain full control over their operations.
A partnership firm is a type of business structure in which two or more individuals come together to start a business. In a partnership, each partner shares in the profits and losses of the business and has a say in the decision-making process.
A one-person company (OPC) is a type of business structure that is designed for individuals who want to start and run a business on their own. It combines the benefits of a sole proprietorship and a company, providing the individual with limited liability protection while still maintaining full control over the business.
A private limited company is a popular business structure for entrepreneurs who want to start a company with limited liability protection. It is a separate legal entity with its own assets, liabilities, and legal status.