Partnership Firm
also known as a General Partnership (GP) Firm, is a business entity which has many partners or owners with unlimited liability, who share its profits/losses as per the provisions given in the Partnership Deed. Owing to some limitations and risks, this form of a firm is not very popular in India and other countries in recent times.
Limited Liability Partnership(LLP)
Private Limited company
where the management is different from its ownership. Means private limited company owned by minimum two and maximum 200 members and these members have limited liability over their ownership. The shares cannot openly sell out to general public that are only limited to other shareholders of the same company.
One Person Company
One person company (OPC) means a company formed with only one (single) person as a member, unlike the traditional manner of having at least two members. It is recognition of single person economic entity lightens a path for small traders, service providers to venture into business by expanding their opportunities through corporate identity.