India  |  Business Law

Legal Question

Asked on: 5/08/13, 12:06 am

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


Answered on: 5/08/13, 3:53 am by Fca Prashant Chavan

08.05.2013

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.

Regards,


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Expert Edge LLP prashant.pscl07@gmail.com "always A Step Ahead", Mumbai 52

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Answered on: 5/11/13, 4:21 pm by Jayesh Desai

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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Jayesh Desai 609 Dalamal Towers Free Press Journal Marg Nariman point Mumbai, 400021

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