Partners remuneration Yes, partners of a Limited Liability Partnership (LLP) can receive a salary or remuneration from the LLP, subject to the terms and conditions specified in the LLP agreement. The LLP Act, 2008 does not prohibit partners from receiving a salary. Limited Liability Partnerships (LLPs) have become increasingly popular as a business… Read More »
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 »
Permanent Establishment Certificate Permanent Establishment Certificate: A ” typically refers to a document issued by tax authorities to confirm that a foreign company or entity does not have a permanent establishment (PE) in a particular country. A permanent establishment is a fixed place of business through which a company carries out its business activities,… Read More »
When LLP is compulsory The requirement for forming a Limited Liability Partnership (LLP) varies by jurisdiction. In some countries, LLP may be a voluntary option for business entities, while in others, it may be mandatory for certain types of businesses or professions. Here are some scenarios where forming an LLP may be compulsory:… Read More »
Meaning Of Turnover Certificate Meaning of turnover certificate typically refers to a document issued by a company or organization that provides information about its financial turnover during a specific period. The turnover certificate used to validate or verify the revenue generated by the company within the given time frame. It often requested by external parties,… Read More »
Procurement report Procurement report is typically reports to the following departments or positions within an organization: 1. Supply Chain Management: In many organizations, procurement is a part of the broader supply chain management function. Procurement teams collaborate closely with supply chain management teams to ensure the timely and cost-effective sourcing, purchasing, and delivery of… Read More »
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 »
Download Turnover Certificate from IREPS To Download Turnover Certificate from IREPS (Indian Railways e-Procurement System), you can follow these steps: 1. Visit the IREPS Website: Go to the official iREPS website using your web browser. The iREPS website URL is https://www.ireps.gov.in/. 2. Login to Your Account: Log in to your iREPS account using your… Read More »
LLP and LLC Difference Here are the key distinctions: 1. Structure: An LLP is a partnership where the partners have limited liability, similar to an LLC. However, an LLP also retains some characteristics of a traditional partnership, such as flexibility in management and the ability for partners to actively participate in the business’s… Read More »
Annual Turnover Certificate An annual turnover certificate is a document that provides information about the financial turnover of a business or organization over a specific fiscal year. It verifies the total revenue generated by the company during that period and is often required for various purposes, such as regulatory compliance, loan applications, government contracts,… Read More »