Want to start a business - guidance required
This query is : Resolved
20 November 2013
Dear Experts,
I am an MBA in Finance having 8 years experience in a Private Sector Bank. I have resigned my job and going to start own business. My business is related to Wholesale Trading of Water Treatment Plant Components and Spares. My query to you is whether I should start it as a Sole Proprietorship Co or a Private Limited Co. My total investment is around Rs.20 Lakhs. Request you to resolve my confusion regarding the Advantages and Disadvantages of both the stream of businesses, please..
21 November 2013
I will suggest you to start the business as a proprietor and once it is stable you may convert the same to a private limited co.
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