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Coolca (Others)     24 September 2021

Best Constitution for a New Business

Hi,

I have to register a new business but Im just wondering which is the best constitution to register with in terms of legal standing, compliance cost and government benefits. I have two options of going solo or bringing in someone.

 

Could you suggest which would be best our of a partnership, a private limited company or a proprietorship firm?

 

Thanks.



 2 Replies

Rama chary Rachakonda

Rama chary Rachakonda (Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)     24 September 2021

 In Sole Proprietorship the liability is borne by the proprietor only. In contrast to, Partnership where the liability is shared between partners.In case of large investments needed, go to private company establishments

yasaswi gomes

yasaswi gomes (My grammar is 💯 good I)     25 September 2021

Also, if it is a manufacturing, there are rural infrastructural subsidies available. Compare your business plans considering allowances.


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