LLP to Ltd conversion LLP to Ltd conversion: The transition from a Limited Liability Partnership (LLP) to a Private Limited Company (Ltd) is driven by a diverse array of distinctive motives, reflecting the dynamic nature of businesses and the evolving needs of stakeholders involved in the decision-making process. Here, we explore a… Read More »
LLP and Ltd LLP and Ltd: There are several reasons why one might choose a Limited Liability Partnership (LLP) over a Private Limited Company (Ltd): Flexibility: LLPs offer greater flexibility in terms of management and decision-making. Partners have more freedom to define their roles and responsibilities. And the internal structure can be customized to… Read More »
Business Partnership V/s Corporation A Business Partnership V/s Corporation are two different legal structures for businesses, each with its own characteristics and implications. Here are some key differences between a business partnership and a corporation: Ownership and Structure: 1. Partnership: A partnership is formed when two or more individuals or entities come together… Read More »
Tax Planning for New Business Tax planning for a new business involves strategic financial decisions and structuring to optimize the tax position of the business. Here are some key considerations for tax planning when starting a new business: 1. Entity Selection: Choosing the right business entity, such as a sole proprietorship, partnership, corporation, or… Read More »
Importance of Company Registration Importance of Company Registration Website Link Importance of Company Registration:Company registration is important for several reasons: Legal Recognition: Registering a company gives it legal recognition as a separate legal entity from its owners (shareholders). It establishes the company as a distinct entity with its own rights, liabilities, and obligations. This separation… Read More »
Adding a partner to a sole proprietorship To include a partner in a Sole Proprietorship, the conversion of the Sole Proprietorship into a Partnership firm is necessary. Here are the steps involved in adding a partner to a Sole Proprietorship: Draft a Partnership Deed: Prepare a legally binding Partnership Deed that outlines crucial aspects of… Read More »