A private limited company, one-person company, LLP, partnership, and proprietorship have different ownership, liability, fundraising, tax, governance, and compliance consequences. The cheapest registration is not automatically the cheapest structure to operate.
Write down:
- number and residency of owners/directors
- whether outside investment is expected
- desired liability protection
- expected turnover and employees
- regulated activities or licences
- state of registered office
- accounting and audit needs
Then ask a qualified adviser to explain the trade-offs in writing.