Which one is benificery

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 August 2011 hello... my frnd myself vinay garg from hansi. i want to know which one is benificary for me, in starting import export business...
1 partnership firm
2 a company

Amol Gopal Kabra (CA,CS,DISA)

Amol Gopal Kabra (CA,CS,DISA) (Expert)
Follow

03 August 2011 Better you go for A limited company. It will be a better option.

Message likes : 1 times

Praveen Sharma

Praveen Sharma (Expert)
Follow

03 August 2011 Compliances is very high as compare with the partnership. Better to go Proprietorship/Parnership as the case may be for initial period.

Message likes : 1 times

Upgrade to CAclubindia Pro. Subscribe Now!

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
Follow

03 August 2011 You should go for Partnership business as in company thee are many compliance. You cannot take out money except by ways of salary and that has also some limit. If you do business in the name of a partner ship firm then you are free to deposit and withdraw the money and it is also easy to mange the things. You need not maintain various registers just have a partnership deed and get a certificate from the Registrar of Societies and start the business.

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

03 August 2011 thanks sir....

will i add you in my frndslist