I am going to do real estate business with my one friend. So what should i open whether company or LLp or partnership firm. We will do at 50% share for both.50%+50%=100%
Please advice.so that it will helpfull for me very much
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Regarding opening new firm/company
Replies (6)
Quick Summary
The three formats is differed as per this activities.
So, Better to consult nearest professional..
So, Better to consult nearest professional..
Llp has some advantages and disadvantages.
Pvt Ltd has some advantages and disadvantages.
Llp has some advantages and disadvantages.
Firm has some advantages and disadvantages.
😇😇😇
Llp has some advantages and disadvantages.
Firm has some advantages and disadvantages.
😇😇😇
You may go for company
Company vs LLP vs partnership for real estate:
• Private limited company: limited liability, easy to raise capital, separate legal entity. Higher compliance (ROC filings, audit). Tax at 25% (or 22% under 115BAA) plus surcharge. Dividends taxed again in shareholders' hands.
• LLP: limited liability, lower compliance (audit only above thresholds), tax at 30% plus surcharge, no dividend tax (profit share exempt for partners, Sec 10(2A)). Good for 2 partners.
• Partnership firm: unlimited liability, simplest. Taxed like an LLP (30%).
• Real estate: RERA registration (projects above thresholds), GST (5%/1% for residential), and stamp duty on land transfers into the entity.
• For two friends, an LLP is often a good balance. Consider liabilities (project risks) and funding needs.
Company vs LLP vs partnership for real estate:
• Private limited company: limited liability, easy to raise capital, separate legal entity. Higher compliance (ROC filings, audit). Tax at 25% (or 22% under 115BAA) plus surcharge. Dividends taxed again in shareholders' hands.
• LLP: limited liability, lower compliance (audit only above thresholds), tax at 30% plus surcharge, no dividend tax (profit share exempt for partners, Sec 10(2A)). Good for 2 partners.
• Partnership firm: unlimited liability, simplest. Taxed like an LLP (30%).
• Real estate: RERA registration (projects above thresholds), GST (5%/1% for residential), and stamp duty on land transfers into the entity.
• For two friends, an LLP is often a good balance. Consider liabilities (project risks) and funding needs.
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