Ours is small Proprietorship Ice Cream Manufacturing firm , operating since 2011. This year we are breaking even and are becoming Rs. One Crore Brand ( CremeFresh) . My wife is the Proprietrix and i am the CEO of the Firm.
Now , from this FY onwards the Karnataka Govt. has started giving industrial land in our area and also subsidy of 20% for particular area and for women entrepreneur. So far we have invested around Rs.50 Lakhs , and are planning to invest another Rs.50 Lakhs in 2015-16. Now its a proprietorship concern. We are thinking of making it Private Ltd. Company. Wanted to know the advantages and disadvantages of making a Propship Firm to Pvt.Ltd.Company. Is there any advanatage ? Our vision is to make this Ice cream brand a Rs.20 Crore brand by year 2020. Please suggest.