benedik123
09-29-2020, 06:47 AM
Hey guys,
I'm an electrical engineer by profession. I was working under an electrical contractor for ten years. Recently, One of my colleagues resigned to start an electrical contracting business. But he has some doubts when it comes to registering the business. He asked me regarding it, and I had no idea. So I just thought of discussing it with you guys. He has fixed an appointment with a sole proprietorship registration consulting company by the end of this week.
But I doubt, is it too risky to start an electrical contracting business under sole proprietorship? What do you guys think? Is a sole proprietorship or partnership registration is better for this kind of business?
Thanks!
I'm an electrical engineer by profession. I was working under an electrical contractor for ten years. Recently, One of my colleagues resigned to start an electrical contracting business. But he has some doubts when it comes to registering the business. He asked me regarding it, and I had no idea. So I just thought of discussing it with you guys. He has fixed an appointment with a sole proprietorship registration consulting company by the end of this week.
But I doubt, is it too risky to start an electrical contracting business under sole proprietorship? What do you guys think? Is a sole proprietorship or partnership registration is better for this kind of business?
Thanks!