A private limited company and a public limited company are two common forms of business entities distinguished primarily by their ownership structure and the regulations they must comply with.

A private limited company is owned privately by a small group of shareholders, often including founders, family members, or a small number of investors.And a public limited company is owned by shareholders whose shares are traded freely on a stock exchange.

Limited Liability Partnership

A limited liability partnership (LLP) combines elements of both a partnership and a corporation, offering its members limited liability protection while maintaining the flexibility of a partnership structure.

An LLP is formed by two or more partners who share responsibilities and profits, similar to a traditional partnership.It offers operational flexibility with minimal regulatory requirements compared to corporations, making it attractive for professional services firms like law and accounting practices.

Partnership Firm

A partnership firm is a type of business entity formed by two or more individuals who come together to carry out a business with a shared goal of profit.

Partners share ownership, responsibilities, and profits according to a partnership agreement, which outlines each partner's roles and contributions.Partnerships are governed by partnership laws specific to each jurisdiction, outlining aspects such as formation, dissolution, and the rights and duties of partners.

Section 8 Co.

Section 8 companies are established for promoting arts, commerce, charity, education, protection of the environment, science, sports, research, social welfare, or any other charitable purpose.They operate on a non-profit basis, reinvesting any surplus or income back into their stated objectives rather than distributing profits to members.

Members have limited liability, meaning they are not personally liable for the company's debts and obligations beyond their contributions.These companies must meet stringent regulatory standards and adhere to specific compliance requirements laid out by the Companies Act to maintain their non-profit status.