Setting up new business..
This query is : Resolved
Rohit Agarwal
(Querist)
12 November 2014
hello everyone,
I want to set up my business so can anyone please suggest me in which form I should incorporate it ?
whether it should be in partnership or by forming company.?
what are the pro's and con's of both of them from tax as well as legal point of view..
Amol S Joglekar
(Expert)
12 November 2014
That will depend upon the size with which you want to enter the market. Small---proprietorship, medium----partnership and large---Company
Nikhil Kaushik
(Expert)
12 November 2014
to start with you may avoid company. at worst, opt for LLP. Company structure is a very restrictive in terms of operations, cash extraction and taxation.
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