What kind of a firm do I need to incorporate as?

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Preethi (Querist)
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25 May 2008 Hi,
I am an entrepreneur looking to start my own company.

I would like to know the advantages and disadvantages of starting a sole proprietership, a partnership or a private limited company.

Has the Limited Liability partnership act been passed in India? What are teh advantages and disadvantages of this?

What is the income tax structure related to each of the above structures?

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
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25 May 2008 This will be a very elaborate consultancy after studying your proposal and interviewing you. This is not capable of being answered in a standard manner.