I have come across a question from our management, asking me to give the opinion on setting up of a proprietorship business and Pvt Ltd company.???????
Therefore requesting you to give me an opinion on the above matter in detailed. So that we can take a decision on the same.
10 June 2017
A pvt limited company is in better of position than a sole proprietorship.In case of sole proprietorship the owner has to bear all the expenses of business. For any individual it is not possible always to bear the huge burden. But in case of pvt ltd company shares are downed privately and has a separate legal entity.Limit of max no of share is 200.personal property not acquired to repay the debt of the company in case of any fraud.
CAclubindia
