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Partnership or company

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 August 2014 Hello Experts,

My query is i am running a small resturant under sole propritership with 1 chef & 2 waiters since my turnover is not so much so that i have do vat registration or service tax registration or any type of audit under any act,
Now i am planning to expand it as my business is growing and we have to hire more chef and waiters so which entity is more suitable for me partnership firm or a private company ?
If partnership firm can i get a sample of partnership deed ?


thanks & regards
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CA UMESH DULAL

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CA UMESH DULAL (Expert)
10 August 2014 Compliance cost of partnership firm is less than of private company. so go for partnership firm
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CA UMESH DULAL

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CA UMESH DULAL (Expert)
10 August 2014 Compliance cost of partnership firm is less than of private company. so go for partnership firm
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Rupesh Jain

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Rupesh Jain (Expert)
12 August 2014 you can now adopt partner ship firm not the company.
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