Sandeep Surana (Practicing Chartered Accountant) (156 Points)
16 February 2011I AM START NEW BUSINESS(MARBLE GENGSA) AND I WANT TO REGISTERATION OF FIRM BUT WHICH OPTION PREFER FOR REGISTRATION 1. PROPRIETORSHIP CONCERN OR 2. COMPANY WHICH IS "MORE BENIFICIAL" AND "LESS EXPENSIVE" FOR ME? AND I AM ALSO WANT TO BENIFITS OF PREFERABLE OPTION.
SO PLZ SUGGEST ME.
both are having its own advantages and disadvantages as a compnay u can limit u r liability however as for tax concern the flat rate of 30 % will applly
more formalites to get company registered
go for the propritorship concerns right now and check is more beneficially to go for pvt afterwards as business expands
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