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Proprietorship or partnership or pvt ltd company - which is the best form to kick start a business

Rajesh K (Finance Manager) (44 Points)

01 December 2018

Dear All,

Which is the best form to kickstart a business - Proprietorship or Partnership or Pvt Ltd Company. Expecting expert views in this regard

Thank You & Regards

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2 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (170785 Points)
Replied 01 December 2018

Every thing depends upon your business nature, its capital requirement, consumer or market needs etc.

As such each form has its own advantages and disadvantages !!!

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Mehul Bhanushali (CA in Practice) (174 Points)
Replied 02 December 2018

In case the nature of Business is small, i would suggest proprietorship or partnership as no other statutory compliance is involved except GST and therefore you will have to bear less professional fees of experts.

But in case you are looking to start a macro scale business, and where capital and other requirements is huge you can opt for LLP or Private Ltd. Company, but involves extra compliance with respected to ROC filing among others.