Razorpay supports the following business types:
| Business Type | Description | Example |
|---|---|---|
| LLP | LLP stands for Limited Liability Partnership. It is a combination of partnership and corporation. The partners have limited liability, which means that the partners' personal assets are not used for paying off the company's debts. Know about the you need to submit for Razorpay's KYC verification. | Dental offices, auditing firms, financial advising services, business consultancies and so on. |
| NGO | A non-governmental organisation (NGO) is a non-profit group that functions independently of any government. NGOs are organised on community, national and international levels to serve a social or political goal. Know about the you need to submit for Razorpay's KYC verification. | GOONJ – a voice, an effort, Help Age India, Smile Foundation and so on. |
| Partnership | A partnership is an arrangement between two or more people who agree to be the co-owners, distribute responsibilities for running an organisation and share the income or losses the business generates. Know about the you need to submit for Razorpay's KYC verification. | Law firms, physician groups, real estate investment firms and so on. |
| Private Limited | A private limited company is a business entity held by a small number of people. It does not offer stocks for sale to the general public. Know about the you need to submit for Razorpay's KYC verification. | Google India Pvt. Ltd., Parle Products Pvt. Ltd., Malabar Gold Pvt. Ltd. and so on. |
| Public Limited | A public limited company is a business entity that has limited liability and offers shares to the general public. Know about the you need to submit for Razorpay's KYC verification. | Bharat Heavy Electricals Ltd., Steel Authority of India Ltd., Oil and Natural gas Corporation Ltd. and so on. |
| Sole Proprietorship | This business entity is owned, controlled and operated by a single individual who is the sole beneficiary of all profits or losses and responsible for all risks. Know about the you need to submit for Razorpay's KYC verification. | Small businesses such as a local grocery store, a local clothes store, an artist, freelance writer, IT consultant, freelance graphic designer and so on. |
| Trust | A trust is a in which a gives the the right to hold title to property or assets for the benefit of a third party, the . Trusts are established to provide legal protection for the trustor’s assets. Know about the you need to submit for Razorpay's KYC verification. | A beneficiary may transfer property to a trustee and grant them the right to manage it. |
| HUF | HUF stands for Hindu Undivided Family, which consists of all persons directly descended from a common ancestor, including their wives and unmarried daughters. A HUF cannot be created under a contract, it is created automatically in a Hindu Family. Know about the you need to submit for Razorpay's KYC verification. | Haldiram's Private Limited. |