OPC vs LLP 

Ebizfiling

1. Number of Owners

OPC: Only 1 person can own and manage. LLP: Needs at least 2 partners to start.

2. Ideal for

OPC: Suitable for solo entrepreneurs. LLP: Perfect for people starting a business together.

3. Compliance

OPC: More legal formalities and filings. LLP: Fewer rules and easier to maintain.

4. Audit Requirement

OPC: Audit is mandatory every year. LLP: Audit needed only if turnover exceeds ₹40 lakh.

5. Taxation

OPC: Taxed like a company; dividend tax applies. LLP: No dividend tax; partners share profits directly.

6. Ownership Transfer

OPC: Hard to transfer ownership easily. LLP: Partners can change or transfer rights as per agreement.

7. Brand Image

OPC: Gives a corporate image, useful for funding. LLP: Seen as a flexible, professional partnership model.

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