Hi All
My intention is to create an audited track record of my trading and hence trying to understand the correct way to set-up the trading account. I have a few options
1) continue with my existing individual trading a/c
2) open a sole proprietorship
3) open a pvt ltd company
4) partnership
As of now the company will be funded by me alone (can get in a sleeping partner in case partnership is the best option) and the business of the company will be to trade nifty/forex/commodities in order to generate trading profits. Im keen to hear your views on whats the best option here in terms of
1) taxation
2) scalability? i.e if i decide to accept friends and relatives monies at a future date which structure is more geared towards doing this?
3) any regulatory restrictions on certain types of companies.
Thanks again.
My intention is to create an audited track record of my trading and hence trying to understand the correct way to set-up the trading account. I have a few options
1) continue with my existing individual trading a/c
2) open a sole proprietorship
3) open a pvt ltd company
4) partnership
As of now the company will be funded by me alone (can get in a sleeping partner in case partnership is the best option) and the business of the company will be to trade nifty/forex/commodities in order to generate trading profits. Im keen to hear your views on whats the best option here in terms of
1) taxation
2) scalability? i.e if i decide to accept friends and relatives monies at a future date which structure is more geared towards doing this?
3) any regulatory restrictions on certain types of companies.
Thanks again.