Property related company

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

07 December 2013 Dear Friends,

our group of friends is engaged in sale and purchase of property for investment.

- Would it be wise for us to start a company instead ?
- What would be the pros & cons ?
- We feel it would be easy to mobilize funds through issuing shares and debentures. Are we rite ?

Regards

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

07 December 2013 Yes you are right in thinking as it will facilitate you to raise funds from public.

Querist : Anonymous

Querist : Anonymous (Querist)

07 December 2013 Thanks Tushar.

- can companies whose primary business in property purchase & sale avail loans from Banks also ?

- can you point out any probable cons also in this regard ?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

07 December 2013 Yes bank loan given on satisfying the criteria set by resp banks for availing loan.

Cons are like you may face loss or where there is no sales freq as forecasted or material prices increases or there is recession in economy due to which there are less buyers etc.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

SARAVANAN PALANISAMY

GST Karimnagar state

Darshan

Krishnamohan Gangaraju

CA Bijo scaria

Subscribe Now

Property related company

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA