FOR INDIA'S BEST CA CS CMA VIDEO CLASSES CALL 9980100288 OR VISIT HERE
PREDICT YOUR RANK!
Answer below questions and predict your rank
  • How important it is for you to pass the exam in this attempt?
  • What percentage of course you have finished well so far roughly?
  • How many hours you study in a day?
  • How many times you have revised the topics you have finished
  • Have you taken online or pen drive or live class from a renowned faculty?
  • What percentage of the classes you have watched?
  • Have you attempted mock tests or practice tests yet?
  • Are you planning to attempt mock tests conducted by external bodies- ICAI, ICSI, ICMAI or other institute?
  • How many tests you have taken?
  • Did you manage to finish the test papers on time?
  • Are you strictly following study material provided by the exam conducting authority such as ICAI/ICSI/ICMAI/Other Body?
  • How is your health in general?
  • How is your food habit?
  • Any interest in yoga or exercise or play sports regularly?
  • Planning to sleep well nights before the exams?
  • Planning to have light food and water before exams?

What are the pros and cons about partnership firms and proprietor firms?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 asked

What are the pros and cons about partnership firms and proprietor firms?

    0       0 Answer Now Comment Report
2 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

​Nice question!! It is a common question among all people if they should start a private limited company registration or public limited company registration. There are end numbers or several benefits as well with a few numbers of differences.

Let's go ahead and check the difference between Private limited company registration and Public limited company registration.

 

  1. A public limited company is occupied by the government and shareholders and at least 7 members are required for its establishment. Whereas a private limited company is a company owned by private individuals; For which at least 2 people are needed to set up.
  2. It is a voluntarily formed association of persons with a minimum paid-up capital of Rs. 1,00,000 is. At least 2 people are required to open a private limited company. The maximum number of existing employees in a private limited company can be 200


The main difference between a private limited company registration and a public limited company.

 

  • There should be at least seven members to start a public limited company. In contrast, a private company can be started with at least two members.
  • A public limited company is a company that is listed on a recognized stock exchange and is publicly traded while a private limited company is a company that is not listed on a stock exchange and is owned by it. Remains with the owners.
  • The size of a private limited company is smaller than that of a public company and the financial resources are also less.
  • A public limited company must have at least three directors, while it is mandatory for a private limited company to have at least 2 directors.

There are serval other things which are required to do business in India.


GST registration: For GST registration in GST, Form GST REG-01 has to be filled. In this, the PAN card is very important, because the GST number is a pen-based number. Next, we will see its complete process and it is the second thing required in India to run a business without the interference of the Government.


ISO Certification: The International Standards Organization (ISO certification) is an independent organization that sets standards for businesses in terms of the quality, safety, and efficiency of a product. An ISO certification certifies that the organization has met all standardization and quality assurance requirements in the management system, manufacturing process, service, or documentation process.



​​

    0       0 Comment Report
Important Note – Preparing for OTHER TAX?
CAKART provides Indias top faculty each subject video classes and lectures – online & in Pen Drive/ DVD – at very cost effective rates. Get video classes from CAKART.in. Quality is much better than local tuition, so results are much better.
Watch Sample Video Now by clicking on the link(s) below – 
For any questions Request A Call Back  
Open uri20170510 32134 tcchcu?1494421832 answered

Hiii friend..... - In Partnership Business the ownership is shared with 2 or more persons and in sole proprietor only one owner. - These both are easy to form with less paper work and these both are not separate with that of owners i.e. not separate entity. - In sole proprietor decision can be taken by himself he has complete control, but in Partnership the decision must be supported by major partners to get in effect. - These both have unlimited liability for Business lawsuits, obligations and liability. - In sole proprietor capital is raised by only one but in partnership the capital is contributed by many. - The business continuity in case of proprietor ends when sole proprietor dies but it continues if any partner dies in case of partnership. And there are many pros and cons for these business types.

    1       0 Comment Report
Get Notifications
Videos
Books
Notes
Loading
Watch best faculty demo video classes

These top faculty video lectures will
help u prepare like nothing else can.