Sole Proprietorship Partnership Limited Company Branch/Liaison Office One Person Company
The business duration can be perpetual Up to the death of the proprietor. It shall be carried by the heirs later on. Up to the death of the partners. It shall be carried by the heirs later on. Perpetual in nature unless agreed otherwise Perpetual in nature unless agreed otherwise Yes
Equity based share allotment Not applicable Not applicable Applicable Applicable Not applicable for more than one funder
Owners need not be BD citizens or residents Must be BD Citizens Must be BD Citizens Not required Not required Not required
Owners have limited liability for business debts and obligations Owner shall have to take the full liability Owners shall have to take full liability Shareholders & directors have limited liability Shareholders & directors have limited liability Limited Libiality Protection
Tax Calculation Tax shall be calculated on the individual head of the proprietor at individual tax rate Tax shall be calculated on the individual head of the partners at individual tax rate Tax shall be calculated at the corporate tax rate of 27.5% Tax shall be calculated at the corporate tax rate for the branch office 22.5%
Owners can split profit and loss with the business for a lower overall tax rate No No No No No
Owners can report business profit and loss on their personal tax returns Yes Yes No No No
Not required to hold annual meetings or record meeting minutes Yes Yes No, It's required and need to file with the company house on a regular basis. No, It's required and need file with the concerned authorities on a regular basis. Required
May issue shares of stock to attract investors No No Yes Yes, mother company may issue No
May have an unlimited number of owners No, only one Yes, minimum 2 partners required Yes, up to 50 members No No
May be owned by another business, rather than individuals No No Yes Yes Yes
Need to submit annual audited report No Not mandatory, yet they can submit annual return. Yes Yes Yes
Authority Union/Municipality/City Corporation Union/Municipality/City Corporation
Along with RJSCRJSC BIDA & RJSC RJSC
Comparative credibility to Banks, Investors & clients Comparatively less More than Sole Proprietorship It has comparatively more credibility to the stakeholders to be engaged with Comparatively less than Limited Company It has comparatively more credibility to the stakeholders to be engaged with
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