Business licence

shalu (Querist) 16 August 2014 This query is : Resolved
what are the legal formalities required to start a business ? mostly [trading] what is the difference between proprietorship and pvt ltd? how long it will take to get the licence? going for proprietorship is better than pvt ltd initially or vice-versa?

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ajay sethi (Expert) 16 August 2014
better go in for limited company . in sole proprietorship you have unlimited liability .

Rajendra K Goyal (Expert) 16 August 2014
Academic query.

shalu (Querist) 16 August 2014
No for personal knowledge to open a business.but under sole proprietorship
Or pvt ltd.and how to proceed?

T. Kalaiselvan, Advocate (Expert) 22 August 2014
Better discuss the subject in detail with a local consultant who will be able to guide you properly in all the aspect.

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