Partnership or company
This query is : Resolved
Querist : Anonymous
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
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
CA UMESH DULAL
(Expert)
10 August 2014
Compliance cost of partnership firm is less than of private company. so go for partnership firm
CA UMESH DULAL
(Expert)
10 August 2014
Compliance cost of partnership firm is less than of private company. so go for partnership firm
Rupesh Jain
(Expert)
12 August 2014
you can now adopt partner ship firm not the company.
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