I am a B.Tech graduate currently working as Business Development Manager .but as per my interest in setting up my own venture, i want to set a company, sole proprietorship.I have few querries:
1) Do i need to have registration before starting OR i can start operating before registration and register later.
2) As i am getting salary also, then how the taxes will be applicable for both my salary and income from business, and would i be required to file taxes once a year or at some other interval, also would i be required to keep Financial statements for the company.
3) Can a sole proprietorship company be converted to Pvt Ltd, and if yes then will the process be lengthy&costly, or will it be same as i would have beared while registring it as Pvt. ltd at the start, and can we keep the name of company same after conversion
4) i would certainly will entering in manufacturing business also, please advice can i start manufacturing business also under proprietorship, or would i need registration as pvt. ltd.
1) Do i need to have registration before starting OR i can start operating before registration and register later.
2) As i am getting salary also, then how the taxes will be applicable for both my salary and income from business, and would i be required to file taxes once a year or at some other interval, also would i be required to keep Financial statements for the company.
3) Can a sole proprietorship company be converted to Pvt Ltd, and if yes then will the process be lengthy&costly, or will it be same as i would have beared while registring it as Pvt. ltd at the start, and can we keep the name of company same after conversion
4) i would certainly will entering in manufacturing business also, please advice can i start manufacturing business also under proprietorship, or would i need registration as pvt. ltd.