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Should I create a corporate, co-operative or private limited firm
14-Feb-2023 (In Startup Law)
We are a group of 6. We want to create a new IT Service company. Should we choose corporate co-operative, instead of private limited company. What are the differences, pros & cons of the same.
There is no legal entity like corporate co-operative. You may choose between Private limited company, LLP, Partnership Firm. Each type of entity has its pro & cons. It will also depend upon the fact that are you seeking funding & divestment. Other important factors include taxation, liabilities, compliances amongst other things. Long term planning is required and accordingly a legal entity should be incorporated. For detailed discussion on factors you must choose from before you choose kind of legal entity, you may meet me.
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Adv. Vivek Nasa
Gurgaon | 200+ Answers
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