We, a group of professionals have decided to work under one roof with a new identity, within India. What would be the best way to register ourselves and why; 1. Company Registration; 2. Registration as a Partnership Firm
2 Answers from Attorneys
Dear Sir / Madam,
You may choose between either of the two options 1 or 2, though option 2 of registration as a partnership firm is the cheapest in terms of formation costs.
Choice has multiple repercussions. Mainly Profit & loss sharing as well as taxation, management control etc.
Unless one is explained operational details, it is not possible to advise clearly.
Contact a lawyer personally, in your area, to better understand this.
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