can anyone tell me the advantages of incorporating a company instead of a partnership firm or a proprietorship firm ???
Menu
why should we incorporate a company instead of a firm
Replies (1)
Liablity is limited
more money will generate becoz the number of persons will be more.
based on income tax - MD remuneation, Prelimarly exp etc can be cliamed extra.
disadvantages
so many legal formalties
auditing
ROC requirments
comapny law etc
it is based on money and persons involved,
please suggest me if i am wrong.
Recent Topics :
- SUPPLEMENTARY AGREEMENT FOR ADDING A PARTER IN TN
- Part availmement of ITC in case of rejection of su
- Due date for itr 5 no audit with loss for fy 25 26
- Capital Gains Mismatch AIS
- Inward E-way bill from Tally Prime 7.1
- Query regarding exemption under Section 10(10AA) &
- NPO registered under sec 8 itr filing
- Form 144 (Earlier 27Q) – Reason Code (A/C/G/
- Nps taxation
- Representative assessee
Related Topics :
CAclubindia
