Can LLP take loan from bank Certainly, a Limited Liability Partnership generally has the ability to obtain a loan from a bank or other financial institution, as long as it meets the lender’s approval criteria and demonstrates adequate creditworthiness. Many banks offer specialized loan products specifically designed for businesses, including LLPs. It fulfill… Read More »
Non-negotiable letter of credit A non-negotiable letter of credit is a financial instrument used in international trade to provide payment security for the seller or exporter. Unlike a negotiable letter of credit, which can be bought and sold on the secondary market, It cannot be transferred to a third party. It is only valid between… Read More »
Sole proprietorship account opening To open a current bank account for a sole proprietorship firm without any firm documents, you will typically need to provide the following steps for Sole proprietorship account opening: 1.A valid government-issued ID, such as a driver’s license or passport. 2.An address proof such as a recent utility bill or bank… Read More »
