Form of Registration
This query is : Resolved
29 October 2008
If one wants to open up a yoga centre, could anyone suggest what could be a better option for the form of registration of the same, keeping in mind that it is with a profit motive. Also there are only 4 members at present. It would be better if I could get the tax implication even with the support of your reply.
S.Srinivasaraghavan
(Expert)
30 October 2008
With perpetuation of the centre in mind better it is opened as a company.
30 October 2008
Thanks for the reply but could there be some other option coz in case of a company there are lot of formalities to be met over.
S.Srinivasaraghavan
(Expert)
31 October 2008
Think of Limited Liability Partnership as and when the legislation is through.
CA Tilak Raj Sharma
(Expert)
15 November 2008
You can also register your club as a normal partnership firm. There will be not much tax implications.
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