shankar mazumder (stock trader) (49 Points)
14 April 2018Hi
I teach Technical Analysis to my students through videos and offer stock market training service. My yearly income through teaching is in a range of 15 Lacs at this moment. I am a one man shop.
Should I operate as a sole prop or should I start operating as partnership concern or a partnership LLC. What are the legal and tax pros and cons. Kindly share your suggestion so that I can make myself more efficent from tax and legal standpoint.
Regards,
Mayur
(Free Learner)
(334 Points)
Replied 14 April 2018
Plese consult some professionals around as the pros and cons veries from each other in terms of Tax Benefit, Cost of Book Keeping, Cost of Formation of Firm and LLP, Personal Interest in assets ect.
CAclubindia
