Deepti Aggarwal (Assistant Company Secretary) (143 Points)
17 September 2010can anyone tell me the advantages of incorporating a company instead of a partnership firm or a proprietorship firm ???
sudhakar ca cwa
(service)
(1518 Points)
Replied 17 September 2010
Liablity is limited
more money will generate becoz the number of persons will be more.
based on income tax - MD remuneation, Prelimarly exp etc can be cliamed extra.
disadvantages
so many legal formalties
auditing
ROC requirments
comapny law etc
it is based on money and persons involved,
please suggest me if i am wrong.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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