I will recieve loan from my cousin brother ( son of massi ji). I want to start new business as partnership with my wife as partner.
1) can i use loan from my cousin in my business,
a) if i open a partnership firm.
b) instead if i go for pvt ltd.
my cousin will transfer loan to my savings account.
2) do i have to pay interest to my cousin?
thank you in advance
CAclubindia
