Dear All,
My friend is going to start a school. Whether it is better to open school under Trust or under Company. i.e What is better option.
Whether school is to be run under a trust or under the company?
What are the merit or demerit of its ?
Please suggest and give your valuable feedback on it.
Thanks & REGards
CA. B.K.BANSAL
Dear Mr Bansal
Indian Trust Act deals with the Private Trust and there are lots of tax planning opportunities available. Most of the high net worth individuals usually create such kind of trusts to distribute their assets to their children.
But if your friend wants to start his school business then i think its ideal to go for company formation due to various reasons.
Regards
Yash Dave
HKC | Chartered Accountants & Business Advisors
Ludhiana
CA
View Details
Fytomax Nutrition Private Limited
Aurangabad
CA Inter
View Details
AJAY SINGH AND CO LLP
Thane
CA Final
View Details
ADY & CO.
New Delhi
Graduate (Any)
View Details
M N Rao & Associates LLP
Vijayawada
CA Inter
View Details
CCI
Pro
CAclubindia
