For a small 5 lakh business, skip the sole proprietorship's unlimited liability and the partnership's potential for disputes. Go straight for a One Person Company. People will tell you it's for bigger ventures, but that's wrong. The OPC gives you that crucial corporate shield – your personal assets, like the small remittance to Khunti, stay safe from business risk. I started mine with the same amount, and that legal separation lets me sleep peacefully, even in my shared 1RK, knowing my family's security isn't tied to my daily ledger.
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