Start Your Business with Leading Consulting Firms for Startups

Choosing the right legal structure is one of the most important decisions for your business. As one of the trusted business consulting firms for startups, Diwan Consultancy provides complete guidance on documentation, legal registrations, compliance, and company formation. Our experienced Startup Business Consultants help entrepreneurs choose the right Startup Business Structure and complete every filing quickly, accurately, and in full compliance.

Fast Processing

100% Legal Compliance

Expert Professional Team

Structure 01

Sole Proprietorship

A Sole Proprietorship is the simplest business structure in India, owned and managed by a single individual. It is an ideal option for freelancers and small businesses looking to start with minimal investment. As one of the experienced business consulting firms for startups, Diwan Consultancy helps entrepreneurs complete GST, Udyam, Shop Act registrations, and other legal formalities while providing professional Legal Advice For Business Startups

✦ Ideal For:     
Freelancers, consultants, local traders, home-based businesses, service providers, and first-time entrepreneurs starting with minimal investment.

Min. Capital

No minimum required

Registration

Via GST / Udyam / Shop Act

Timeline

Less than 15 days

  • Easiest and most affordable business structure to start — no official registration required
  • Complete control and decision-making authority — no need to consult partners or boards
  • Simple taxation — business income declared as personal income in ITR (Form ITR-3/ITR-4)
  • Minimal regulatory compliance — no annual ROC filings or mandatory audits below threshold
  • All profits retained by the proprietor with no sharing obligations
  • Easy to dissolve — no complex winding-up process required

Documents Required

Structure 02

Partnership Firm

A Partnership Firm allows two or more individuals to operate a business together while sharing profits and responsibilities. Our Startup Business Consultants assist in drafting Partnership Deeds, completing registrations, and ensuring legal compliance. As trusted business startup consulting firms, we help businesses establish the right partnership structure for sustainable growth.

✦ Ideal For: 
Small family businesses, professional practices (CAs, doctors, lawyers), local trading firms, and entrepreneurs who want to pool resources without complex compliance requirements.

Min. Partners

2 partners (max. 20)

Timeline

Less than 15 days

  • Easy and affordable to set up — no DSC, DIN, or MCA name approval required
  • Flexible management structure defined entirely by the Partnership Deed
  • Registered firms can file suits in court to enforce contractual rights — unregistered firms cannot
  • Partners can claim set-off during disputes with third parties after registration
  • Eligible for bank loans, government tenders, and formal business operations post-registration
  • Profit-sharing ratio and roles of each partner are fully customizable via the deed

Documents Required

Structure 03

Limited Liability Partnership (LLP)

A Limited Liability Partnership (LLP) combines the flexibility of a partnership with the legal protection of a company. It is one of the most preferred business structures for professionals and growing businesses. Diwan Consultancy, among the reliable business consulting firms for startups, helps entrepreneurs register LLPs while ensuring complete legal compliance and documentation.

✦ Ideal For: 
Professional services firms (CA, law, consulting), tech startups, service businesses, SMEs wanting liability protection without heavy compliance of a Pvt. Ltd. company.

Min. Partners

2 (no upper limit)

Min. Capital

No min capital required

  • Separate legal entity — LLP can own assets and enter contracts independently of partners
  • Limited liability protection — partners’ personal assets are shielded from business liabilities
  • No minimum capital requirement — partners can contribute any agreed amount as per LLP deed.
  • Lower compliance burden than Pvt. Ltd. — only 2 annual filings (Form 8 + Form 11)
  • No mandatory audit if annual turnover is below ₹40 lakh or contribution below ₹25 lakh
  • Flexible profit-sharing and management structure via LLP Agreement

Documents Required

Structure 04

Private Limited Company

A Private Limited Company is India’s most preferred Startup Business Structure for scalable businesses and startups seeking investment. Our experienced Startup Business Consultants assist with company incorporation, compliance, Startup India registration, and complete legal documentation, making the process smooth from start to finish.

✦ Ideal For: 
Startups seeking investor funding, businesses planning rapid scaling, e-commerce companies, tech firms, and any business that wants maximum credibility and structured governance.

Min. Directors

2 directors (min.)

Max. Shareholders

Up to 200

Timeline

15-20 days

  • Separate legal entity — company can own assets, enter contracts, and sue/be sued in its name
  • Limited liability — shareholders’ personal assets fully protected from company’s debts
  • “Pvt. Ltd.” in the name instills greater trust with customers, banks, and investors
  • Can raise equity funding from angel investors and venture capital firms
  • Can issue ESOPs to attract and retain talent with stock ownership
  • Eligible for Startup India recognition, DPIIT benefits, and income tax exemptions for 3 years

Documents Required

Structure 05

Section 8 Company (Non-Profit)

A Section 8 Company is a non-profit organization registered under the Companies Act, 2013, for charitable and social welfare activities. Our business startup consulting firms guide organizations through incorporation, documentation, licensing, and regulatory compliance while ensuring the correct legal structure. 

✦ Ideal For:
NGOs, foundations, industry chambers, sports associations, educational institutions, research organizations, and social enterprises seeking greater credibility over a trust or society.

Min. Directors

2 directors (min.)

Central Govt. License

Required before incorporation

Timeline

30–60 working days

  • Tax exemptions — eligible for 12A (income tax exemption) and 80G (donor deduction) registration
  • Greater credibility than a trust or society — operates under MCA’s regulatory framework
  • More transparent governance than trusts — mandatory audits and annual MCA filings
  • No “Limited” or “Private Limited” required in name — can use Foundation, Institute, Association
  • Limited liability protection for directors and members
  • Eligible to receive CSR funds from companies under the Companies Act

Documents Required

Structure 06

Trust Registration

Trust Registration is ideal for charitable organizations, educational institutions, and family asset management. Diwan Consultancy provides complete registration support, documentation, and Legal Advice For Business Startups and non-profit organizations to ensure a legally compliant and efficient registration process.

✦ Ideal For: 
Charitable and religious organizations, NGOs, social welfare bodies, educational foundations, healthcare institutions, and families seeking structured wealth and asset management.

Min. Trustees

2 trustees (all India residents)

Governing Law

Indian Trusts Act, 1882

Timeline

2–4 weeks (state-dependent)

  • Legal recognition allows the trust to receive donations, grants, and government funding
  • Eligible for 12A income tax exemption — all income can be applied toward charitable objectives
  • 80G registration allows donors to claim 50% deduction on donations, boosting fundraising
  • Family wealth protection — assets held in trust are protected and managed for heirs
  • Enables asset transfer to beneficiaries without probate, streamlining succession
  • All trustees must be Indian residents — a reliable governance structure for long-term operations

Documents Required

Get Started Today

Need Help Choosing the Right Startup Business Structure?

Every startup has unique goals and compliance requirements. Our experienced Startup Business Consultants analyse your business model, investment plans, and future growth strategy to recommend the most suitable Startup Business Structure. As one of the trusted business consulting firms for startups, we provide complete incorporation support, Legal Advice For Business Startups, documentation, and registration services from start to finish.

Office No.1, P1, 1st Floor, C-Wing, Continental Heights, 299, Rambhau Bhogle Marg, Opp. Piramal Aranya, Mustafa Bazar, Byculla (E), Mumbai – 400010.