• Easiest and cheapest to set up.
• Minimal compliance requirements.
• Complete control over the business.

• Unlimited liability – personal assets are at risk.
• Limited growth potential and access to funding.
• Less credibility compared to other structures.

• Nature of business: Some businesses are better suited to certain structures.
• Liability: Consider the level of personal risk you're willing to take.
• Capital needs: How much funding will you require?
• Compliance: Evaluate the level of regulatory burden you can handle

It's advisable to consult with Shine Legal India experts to determine the most suitable structure for your specific needs.