I have one question regarding to start new business for dealing in share, mf and other instruments.
One of my friends have fund exceed of Rs.1 crs. And he wants to start or take franchise for dealing in share and other security. He wants to know how to start new business and need clarification of doubts. His main motto to clear foll. Doubts are he want to reduce tax liability-
1) He will start business as a Proprietor or create new partnership firm 2) He will start business as new company incorporate 3) He will create Investor Institutional -legal entity (also want to know how to create investor institution and where to apply and what is charges for that??)
Please clarify to me at earliest. He want to start new business from April 2022 onwards
26 March 2022
1 Initially start the business as proprietor, no formalities required. After the business is expanded go for LLP and then company. 2 After business growth start company. 3 Do it when you are well versed in your business . It's the last step.
20 April 2022
Sir, I want to know detail procedure for creating Institutional Investor company?? How much fund required for that and what is the time limit for completing the procedure for creating and start the business?
CAclubindia
