Setup your New Business
It’s an exciting time when one decides to set-up a business. You already have a vision for what you want to achieve. It’s the “How” for which you need professional assistance. And we are here for that. The most important decision that needs to be made, and which subsumes within it almost all other factors, is the constitution of the business – should it be a proprietorship, partnership, LLP or a company!
We help you set-up your business with whatever you decide to go with. Let us take a short walk through the salient features of them all:
Proprietorship
- Only for individuals
- Lower tax since tax is calculated as per slabs
- Prompt decision making
- Does not command as much credibility as other formats
- Not eligible for some schemes and benefits
- Unlimited Liability
Partnership
- Only for individuals
- Lower tax since tax is calculated as per slabs
- Prompt decision making
- Does not command as much credibility as other formats
- Not eligible for some schemes and benefits
- Unlimited Liability
Company / LLP
The most credible among all forms of businesses since details are available on government website
- Lower tax rate than partnership
- Eligible for all schemes
- Limited liability
- Comparatively higher compliance requirements