AK (MD) 17 September 2010
adv. rajeev ( rajoo ) (practicing advocate) 17 September 2010
Better cosnult Chartered accountant to know more about.
AK (MD) 17 September 2010
Hello Experts,
I need a detail advice and suggestion to my query listed above.
Please go through my msg above and let me know all your suggestions, advice and informations.
Thanks in advance to all.
Rashmita Saikia (Lawyer) 21 September 2010
Hi,
Kindly contact personally Novojuris Services India Private Limited. They are expart in these fields. I think they will
chage a vey minimal amount fo these.
Ph: 080 25551639
Mobile: 9008667286
email id : sharda@novojuris.com
Regards,
Rashmita
Shihab,Corporate Lawyer (LL.B M.B.A Corporate Lawyer and Management Consultant) 27 September 2010
Hi,
1.A sole proprietoryship concern would have disadvantages like, a) No seperate lagal entity b) a non-corporate system,so if you want to grow ,should spin off to a corporate entity.Why cant you convert the existing concern to a Private Limited company?
2.If you got NRI status ,you will get advantage.
3.For Franchising you should have Quality management system; both in document and practice.Think about joint venture.
AK (MD) 28 September 2010
Hello Shihab,
Thanks for the responce.
You are correct on many part, however we also need to see the definition & policies, rules for Joint Venture, Franchising etc in other countires. As we are seeking oppurtunitites in Gulf countries.
Every one is suggesting diferent, although we need to see the benifits and losses, rules regulations, taxations etc of both countries.
Really confused ..!!
SACHIN AGARWAL (ADVOCATE) 10 December 2010
The advice of Mr. Shihab is good.
Altough a proprietorship concern can start and carryon any business in India or outside the country but it is always better to have a corporate entity. The proprietorship concern has no separrate legal entity.