Company formation, Corporate Laws / SEBI / LLP

[Sahadev Maity]

Dear Experts,

I am going to start a manufacturing company. My company's business would be only B2B. For set up total cost would be around 70lacs and I need to borrow loan amounting Rs-20 to 30 lacs rest would be own investment. Kindly suggest me what should be the company's type between Proprietorship, LLP or Pvt Ltd which will help me to get loan easily from banks and repayment benefit and other taxable liability.

In my family my father, mother and me all are tax payer and runing 3 different hotel business.

Kindly give me detailed idea about the pros and cons.

Thanks,

Sahadev Maity

Posts / Replies

[Kishan Barai]

PVT LTD are best to get loans as compared to other Co.

[Sahadev Maity]

What about the tax liability difference.

[MARIAPPAN GOVINDARAJAN]

In my opinion the tax treatment will be the same.

[Sahadev Maity]

Only my father, my mother and me can together form a Pvt Ltd company? We all are tax payer.

[MARIAPPAN GOVINDARAJAN]

You can form a private limited company. Forming a company does not depending on the status of tax payment.

[Kishan Barai]

Very True Reply

[Sahadev Maity]

Thanks a ton 🙏🏻