Hi, I am a salaried person and had little side income from the various platforms through Paypal as payout and Adsense mainly… now I want to scale my side income by starting my own company with friends and family & eventually hire some folks. I plan to do diversified online business through websites monetization and experiments to trial & error see where it goes also might do traditional business ( offline ) as my mom is interested in it.
I want to what things should I keep in my mind and what should be the ideal process or framework.
how would my taxation and legalities look like after this? I read that director of a company cannot file individual it. also companies taxation would it be a presumptive tax on an early smaller stage?