bhaskar (Consultant) (87 Points)
11 November 2015Sir/Madam
My client has a small retail shop dealing in textiles.The turnover is close to 15 lakhs. He wants to apply for a loan, for which the bank asked for firm registraion. He wants to know which one will be beneficial to him.
1. Sole proprietor firm
2.Partnership firm
Ruchi
(CA)
(1410 Points)
Replied 11 November 2015
There are many factors which affect this decision. So if you could elaborate then only one can tell which one could be beneficial.
CAclubindia
