Sir/Madam
My client has a small retail shop dealing in textiles.The turnover is close to 15 lakhs. He wants to apply for a loan, for which the bank asked for firm registraion. He wants to know which one will be beneficial to him.
1. Sole proprietor firm
2.Partnership firm
There are many factors which affect this decision. So if you could elaborate then only one can tell which one could be beneficial.
BHUPINDER SHAH AND COMPANY
New Delhi
CA Inter
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