Registration under trust or cooperative socity
This query is : Resolved
26 May 2015
One of my known is going to start a new business of agriculture products.They will provide seeds and other resources to the farmers and will purchase whole crop from them.
Now he want to know about registration under this situation.what will be the beneficial for him to register his business as a trust or a cooperative society?
Estimated turnover will be about on or above 50 lakhs.
Please suggest.
Now he want to know about registration under this situation.what will be the beneficial for him to register his business as a trust or a cooperative society?
Estimated turnover will be about on or above 50 lakhs.
Please suggest.
26 May 2015
if you want farmers to be part of your business register it as co-operative society.
26 May 2015
When your KNOWN is sure of doing BUSINESS activity, it is advisable to go for proprietary or partnership or company form of organisation rather than going in for TRUST (Philanthropic PURPOSE)OR SOCIETY (activities within members only)
29 May 2015
is this beneficial for him to incorporate as a producer company?
29 May 2015
yes, definitely it will be convenient for your client.
29 May 2015
Start with limited liability partnership(LLP) where less compliance requirements, when business grows if required it can be converted as company.
29 May 2015
Ok Thank you very much SEETHARAMAN SIR & AMOL SIR
29 May 2015
you are most welcome.
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