Starting a new business

This query is : Resolved 

17 May 2015 Sir,

I & my friend are planning to start a new business. Only two persons. In Kolkata. The initial investment amount will be around one lakh. The business is regarding Mechanical outsourced jobs for design drawings, product analysis, training to students on software etc.

We are confused whether we should go for Pvt. Ltd via ROC or a partnership business.

Please help us by suggesting the right track.

Thanks,
Mrinal.

17 May 2015 i would suggest that you take a middle path and register a LLP.

17 May 2015 Sir, can you kindly tell me the reason, What are its advantages


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