Proprietorship vs Private Limited Company | सबसे सस्ता कौन? फ़ायदा vs नुक़सान | By CA Sachin 

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All the benefits and costing to run a Proprietorship firm and private limited company. Following are the answer in this video you will find.
Link of How Start Business with proprietorship firm.
• Proprietorship firm re...
Link of How Start Business with Partnership firm.
• Partnership Firm regis...
Link of How Start Business with Private Limited Company
• Private Limited Compan...
Q1-What is proprietorship firm?
A proprietorship is distinguished by being owned and run by one person only; there is no legal separation between the owner (Proprietor) and the business. The owner bears direct responsibility for all elements of the business and is fully accountable for all finances, including debts, loans, and losses.
• Q2 What is Advantages in the Sole Proprietorship. .
a) Less Costing Rs. 3000 to 5000 to open the firm.
b) Less Compliance Only GST return and Income tax return
c) Less Income Tax.- Slab benefit like 2.5 lac and 5 lac to 10 lac
d) Easy to close- Just surrender GST Certificate and close current account
e) Only GST Certificate and GST Return
Q3 What are Disadvantages in the Sole Proprietor Firm
a) Unlimited Liability: Even personal assets can be sold
b) Can't include the partners:-
c) Can't raise the funds :-
d) Cannot increase the business
e) Limited Decision option
Q4- Which business is suitable for Proprietor Firm
1 Small Level,
2 small Business,
3 Not require Expansion
4 Family Business
My Advice always go for Pvt Ltd Company.
Q5 What is private limited companies ?
A private limited company is registered on website MCA and any one can view the profile of the company like directors and shareholders.
Q6-What are the advantages of private limited companies?
1 Separate Legal Entity.
2 Uninterrupted existence.
3 Limited Liability.
4 Free & Easy transferability of shares.
5 Owning Property.
6 Capacity to sue and be sued.
7 Dual Relationship.
8 Borrowing Capacity.
Q7 Disadvantages of Private Limited Company
1 Registration Process. Private limited company
2 Compliance Formalities. Like GST Return, Minutes of company , Board of Meetings, Income tax return, ROC return, TDS return etc
3 Division of Ownership.
4 Personal Liability.
5 Winding Up of Company.
6 Set cost is around Rs. 10000 to Rs.15000