Tag Archives: #BusinessLegalGuidance

Can LLP be a member of a company?

Can LLP be a member of a company   Can LLP be a member of a company, an LLP (Limited Liability Partnership) is allowed to join as a member of a company. The specific regulations and requirements regarding membership in a company can vary depending on the jurisdiction and the type of company in question.… Read More »

Can LLP be partner in another LLP?

Can LLP be partner in another LLP    Absolutely, a Limited Liability Partnership can indeed act as a partner within another Limited Liability Partnership. In the context of partnerships, including LLPs, the partners can be individuals, corporations, or other partnerships. When an LLP becomes a partner in another ones, it means that the first one’s… Read More »

Business registration vs business license?

Registration to License   Registration to license are two separate processes that are often required for starting and operating a business. Here’s an overview of the differences between business registration and business licensing: Business Registration: Purpose: Business registration is the process of officially establishing a business entity with the government or relevant authorities. It provides… Read More »

Can huf be partner in partnership firm?

HUF be Partner in Partnership Firm   A Hindu Undivided Family (HUF) is a unique entity under Indian law, often used for managing family-owned businesses and assets. Given its distinctive nature, a common question arises: Can a HUF be a partner in a partnership firm?   Understanding HUF: A HUF is a family unit made… Read More »

Who should file an MSME form-1?

Who should file an MSME Form-1 Introduction Micro, Small, and Medium Enterprises (MSMEs) play a crucial role in the economy by contributing to employment generation, innovation, and industrial growth. To regulate and monitor outstanding payments to MSMEs, the Ministry of Corporate Affairs (MCA) introduced MSME Form-1 under the Companies Act, 2013. This filing requirement ensures… Read More »