Dear Experts,
I have sought help from accountants and other firm they are all confusing me. I need a simple advise on how to go about the following situation.
- I started propritership firm in 2011, we offered 3 services. One of them was providing professional training.
- Now we want to start a PVT. LTD firm that will only offer Training services, I am the sole owner now but under PVT LTD, I need to raise funds from friends and relatives to expand business.
- We will stop training service under propritership firm, and transfer training busines sto pvt ltd.
I want to retain major share holding in new pvt ltd firm, without investing much capital as I want to get equity holding for transffer my training business and also sweat equity and raise 10-15 Lakh from relatives and friends for 15 lakhs i want to offer 20% equity in all.
How do i go about it, what should be the authorized capital for the same, I was think of 10lakhs. I need professionala advise and also services.
CAclubindia
