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Aanya Vashishtha
Drafting Airtight Ag...ย โขย 3m
"Sole Proprietorship vs. Private Limitedโ Imagine this: Youโre launching your dream business. Youโve got the idea, the drive, and maybe even your first few clients. But then, the big question hits youโ "Should I register as a Sole Proprietor or a Private Limited Company?" Letโs break it downโwithout the legal jargon. โ Sole Proprietorship: The "Fast & Simple" Route - Youโre the only owner. - Quick & easy setupโjust a GST registration, and youโre rolling. - Perfect for freelancers, agencies, and early-stage hustlers. - BUT: Your personal and business finances are the sameโwhich means if things go south, your personal assets are at risk. Private Limited: The "Growth-Oriented" Choice - A separate legal entityโyour company is its own person (legally). - Can raise fundingโinvestors take you seriously. - Limited liabilityโyour personal savings stay safe. - BUT: More paperwork, compliances, and annual filings. So, what should YOU pick?
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Anonymous
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