Incorporation of company.

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abbas mehdi (Querist)
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06 May 2012 i managed to get a Interior decoration tender worth rs. 60,00,000. please suggest which type of company will be good for the project ( Pvt. Ltd, Partnership or other).. i have 2 more partners along with me. waiting eagerly for your advice.
thanks

Iqbal Singh Grover

Iqbal Singh Grover (Expert)
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07 May 2012 The form of entity depends on a lot of things.. Your current incomes, your level of comfort with the other partners, your future plans to name a few..

A private limited company is always the best choice in case you plan to grow really big in future with the other 2 partners..
However it involves cost in the form of incorporation expenses ( one time ), ROC compliances ( annual ) and audit ( annual )..

Partnerships are easy to form and dissolve. . No annual extra costs other than tax audits ( if required )..