Tag Archives: #BusinessGuidelines

Are LLP regulated?

Are LLP regulated Limited Liability Partnerships (LLPs) have gained popularity among entrepreneurs and professionals for their unique blend of flexibility and protection. However, a common question arises: Are LLPs regulated?   Understanding LLPs An LLP is a business structure that allows partners to manage the business while enjoying limited liability protection. This means that individual partners… Read More »

LLP to LLC conversion?

LLP to LLC conversion process   Converting a Limited Liability Partnership (LLP) to a Limited Liability Company (LLC) involves several steps and considerations. While the specific requirements may vary depending on the jurisdiction where the conversion is taking place, the general LLP to LLC conversion process typically follows these key steps: 1. Research and Planning:… Read More »

Q23.9 Making Turnover Certificate: How to make turnover certificate ?

        Making Turnover Certificate  Making Turnover Certificate, you can follow these general steps: 1.Gather Financial Information: Collect the necessary financial information related to the turnover you want to include in the certificate. This may involve reviewing financial statements, sales records, revenue reports, or any other relevant documents. 2.Determine the Time Period: Specify… Read More »

Do LLP need legal requirements?

Do LLP need legal requirements   Yes, a Limited Liability Partnership (LLP) is required to meet various legal requirements in India. LLPs combine features of a partnership and a company, offering flexibility and limited liability protection to its partners. However, like any business entity, LLPs must adhere to specific legal obligations to operate lawfully and… Read More »

When was LLP act 2008 implemented ?

LLP act 2008 implemented   The LLP Act 2008 was implemented in India on April 1, 2009. The Limited Liability Partnership Act, 2008 was enacted by the Parliament of India to provide a legal framework for the formation and operation of Limited Liability Partnerships (LLPs) in the country. The Act introduced the concept of LLPs… Read More »

Registration vs license: What is the difference between business registration and business license ?

Registration vs license Business registration and a business license are two separate processes that are often required for operating a legal business. Here’s the difference between the two: Business Registration: Business registration is the process of officially establishing a business entity with the relevant government authorities. It involves providing information about the business, its owners,… Read More »

Gst compliance checklist for private limited company?

GST Checklist for PVT Ltd Company   GST Checklist for Pvt Ltd Company, Verify if your company meets the turnover threshold for GST registration. Apply for GST registration by providing the necessary documents and information. Invoicing and Documentation: Ensure that all invoices issued by your company are GST compliant, including details such as GSTIN, invoice… Read More »