Opinion on setting up of a proprietorship business or pvt c
This query is : Resolved
09 June 2017
Dear Experts,
I have come across a question from our management, asking me to give the opinion on setting up of a proprietorship business and Pvt Ltd company.???????
Therefore requesting you to give me an opinion on the above matter in detailed. So that we can take a decision on the same.
I have come across a question from our management, asking me to give the opinion on setting up of a proprietorship business and Pvt Ltd company.???????
Therefore requesting you to give me an opinion on the above matter in detailed. So that we can take a decision on the same.
SAFIQUE UZZAMAN
(Expert)
10 June 2017
A pvt limited company is in better of position than a sole proprietorship.In case of sole proprietorship the owner has to bear all the expenses of business. For any individual it is not possible always to bear the huge burden. But in case of pvt ltd company shares are downed privately and has a separate legal entity.Limit of max no of share is 200.personal property not acquired to repay the debt of the company in case of any fraud.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- EPF ECR NEW RULES Sep 17th 2026
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Taxation of crypto futures in India Fy 2026- 2027
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
