Sole prop vs partnership vs llc

Others 149 views 1 replies

Hi

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,

 

Replies (1)

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. 

 


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