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Pl suggest which Form Company or Partnership firm or Propritership is better for a person who is running business as per income tax or any other Law..... Pl suggest i need ur Views.. |
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It depend business to business. Company is very good alternate if your business are growing. |
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Hi anita.... pl clear with example..when business is in intioal stage or when business is in middle like NP is 5 to 8 lakh ....or when business is growing.... people ask me which on eis better in initial stage... |
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Dear Shishir, in any initial stage the proprietorship is always better. The Most important thing is the nature of business, viz. Its Type, the turnover, & its presence, etc. The partnership is aneccessary when there are more than one stakeowners. The Co. is needed when business demands it by its turnover or to show presence for competition etc. |
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thanq so much amitabh sir |
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Dear Shishir,
Proprietor is the best form for any business. If the turnover is growing and investment is being brought in by other persons then partnership is the next best option.
As a CA , I will recommend Pvt. ltd. since it means more compliance oriented fees.
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