LEO
LEO
Owner: Single person
Registration: Not mandatory; can register under Shop & Establishment Act or UDYAM (MSME)
Legal Status: Not a separate legal entity
PAN: Uses individual’s PAN
Liability: Unlimited
Owners: 2 or more partners
Law: Indian Partnership Act, 1932
Registration: Optional, but advised
Agreement: Partnership Deed
Legal Status: Not a separate entity
Liability: Unlimited
Owners: Partners (min 2)
Law: LLP Act, 2008
Registration: Mandatory with MCA
Legal Status: Separate legal entity
Liability: Limited to contribution
Compliance: Annual ROC filings
Owners: Shareholders (min 2, max 200)
Law: Companies Act, 2013
Registration: Mandatory with MCA (SPICe+ form)
Legal Status: Separate legal entity
Liability: Limited to shareholding
Features: Can raise equity, preferred by investors
Owners: Shareholders (min 7, no limit)
Law: Companies Act, 2013
Registration: Mandatory with MCA
Legal Status: Separate legal entity
Liability: Limited
Features: Can list on stock exchange
Purpose: Charitable, religious, educational, etc.
Law: Companies Act, 2013
Registration: With MCA as Section 8 Company
Profits: Cannot be distributed
Tax Benefit: Eligible for 12A, 80G (after approval)
Purpose: Welfare, charity, etc.
Law:
Trust: Indian Trusts Act, 1882
Society: Societies Registration Act, 1860
Registration: At state-level
Members: Minimum 2 (Trust) / 7 (Society)
Purpose: Mutual benefit of members (e.g., housing, farming)
Law: Co-operative Societies Act, 1912 or State Act
Registration: Registrar of Co-operative Societies
Legal Status: Separate entity
Owned by a single individual. No formal registration required (can register under MSME or Shop Act). Liability is unlimited.
Owned by 2 or more partners. Governed by the Indian Partnership Act. Registration is optional but recommended.
Separate legal entity. Liability is limited. Registered with MCA under LLP Act, 2008. Annual compliance required.
Separate legal identity with limited liability. Minimum 2 shareholders. Registered with MCA under Companies Act.
Suitable for large businesses. Can raise funds from the public. Listed/unlisted. Requires higher compliance.
Formed for charitable or social purposes. Profits cannot be distributed. Registered under Companies Act, 2013.
Created for welfare or charitable purposes. Registered under respective State Trust or Societies Act.
Formed by people with common interests (e.g., farmers, housing). Registered under Co-operative Societies Act.
Email: @leocomputers.co.in
Phone: +91-8429930881
Address: Mohiddinpur, Mohanlalganj, Lucknow, UP
