What is the Difference Between Proprietorship and Private Limited? User Intent Many entrepreneurs face a crucial decision when starting a business: Should they register as a Sole Proprietorship or a Private Limited Company? Each structure has its own advantages and challenges, making it essential to understand the differences before choosing the best fit. This guide… Read More »
Introduction Starting a private company in India is an exciting yet complex process that requires careful planning and adherence to legal requirements. A Private Limited Company (PLC) is one of the most popular business structures due to its limited liability, ease of operation, and credibility. This article provides a step-by-step guide on how to establish… Read More »
Opening a private limited company at home Starting a business is a significant step, and many entrepreneurs explore various options for setting up their companies. One common question that arises is whether a private limited company can be registered at a residential address. What is a Private Limited Company? A private limited company is a… Read More »
The disadvantages of a single member LLC Introduction A Limited Liability Company (LLC) is a popular business structure that combines the flexibility of a sole proprietorship with the liability protection of a corporation. Among its variations, the single-member LLC (SMLLC) is commonly chosen by entrepreneurs who wish to operate a business independently while enjoying the… Read More »
Statutory Compliance Statutory compliance refers to the process of ensuring that a company or an organization is following all the rules, regulations, and laws set by the government and relevant regulatory authorities. These laws and regulations can include tax laws, labor laws, environmental laws, and other applicable laws that govern business operations. Compliance is important… Read More »
Resignation of a Director Resignation of a Director, When a directors decides to resign from a company, the following steps need to be followed: Written Resignation: The director should draft a written resignations letter addressed to the board of directors. The letter should include the reason for resigning and the effective date of the… Read More »
Right Legal Structure for Business Right Legal structure for Business: Sole Proprietorship vs Partnership, A sole proprietorship is a business structure in which an individual owns and operates the business on their own. The business and the individual are considered one and the same for legal and tax purposes. In contrast, a partnership is… Read More »