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TMI BlogCompany formationX X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 - Reply By Kishan Barai - The Reply = PVT LTD are best to get loans as compared to other Co. - Reply By Sahadev Maity - The Reply = What about the tax liability difference. - Reply By MA ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... RIAPPAN GOVINDARAJAN - The Reply = In my opinion the tax treatment will be the same. - Reply By Sahadev Maity - The Reply = Only my father, my mother and me can together form a Pvt Ltd company? We all are tax payer. - Reply By MARIAPPAN GOVINDARAJAN - The Reply = You can form a private limited company. Forming a company does not depending on the status of tax payment. - Reply By Kishan B ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... arai - The Reply = Very True Reply - Reply By Sahadev Maity - The Reply = Thanks a ton 🙏🏻 - Company formation - Query Started By: - Sahadev Maity Dated:- 11-7-2017 Corporate Laws / SEBI / LLP - Got 7 Replies - Companies Law - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanageme ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ntindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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