Total Liabilities V/s Current liabilities Understanding the Difference Between Total Liabilities and Current Liabilities In the realm of finance and accounting, understanding a company’s liabilities is crucial for evaluating its financial health. Two key terms often encountered are total liabilities and current liabilities. While they may seem similar, they serve distinct purposes in financial… Read More »
Supporting documents Supporting Documents, To register a trade name for GST (Goods and Services Tax) registration of a proprietorship in India, the following documents are generally required 1.PAN (Permanent Account Number) card of the proprietor: PAN card is a mandatory requirement for GST registration. It serves as an identity proof for the proprietor. 2.… Read More »
Where to register a partnership form of business Where to register a partnership form of business Partnership registration locations, The registration process for partnerships varies depending on the jurisdiction. In many cases, partnerships are registered at the local or regional level rather than with a central government agency. Here are some common places to register… Read More »
Requirements for Pvt Ltd license Requirements for Pvt Ltd license, To clarify, there is no specific license called a “Private Limited License” in India. However, you can register a private limited company by following the steps mentioned below: Choose a unique name: Select a unique name for your company and ensure that it adheres… Read More »
Registering partnership Registering partnership,The process of registering a partnership can vary depending on the jurisdiction where you plan to operate. However, here are some general steps involved in registering a partnership: Choose a Business Name: Select a unique name for your partnership that complies with any naming requirements or restrictions in your jurisdiction. Partnership Agreement:… Read More »
Required Document for Pvt. Ltd Company The documents required for private limited company registration in India typically include the following: Identity and Address Proof Requirements for Directors and Shareholders: To fulfill the registration process, it is necessary to provide valid identity and address proof for both directors and shareholders involved in the company. These proofs… Read More »
Partnership file as an s-corp What is a Partnership? A partnership is a business arrangement in which two or more individuals collectively own and manage the business. Partnerships are relatively simple to form and manage. The income and losses of the partnership flow through to the partners’ individual tax returns, avoiding the double… Read More »
Formation Website Link: Formation: In India, a One Person Company (OPC) can be formed by a single individual who meets the following criteria: Resident of India: The individual formation the OPC must be a resident of India. This means that they should have stayed in India for a minimum period as prescribed by the government,… Read More »
OPC use Pvt. Ltd. OPC use Pvt. Ltd, No, an OPC (One Person Company) cannot use the term “Private Limited” or “Pvt Ltd” in its name. The Companies Act, which governs the formation and operation of companies in many jurisdictions, including India, specifically restricts OPCs from using the term “Private Limited” in their name.… Read More »
Compulsory registration of partnership firm Compulsory registration of partnership firm,The requirement for partnership firm registration can vary depending on the jurisdiction and the specific laws and regulations of the country or state where the partnership operates. In many jurisdictions, registration of a partnership is not mandatory, and partners can enter into a partnership agreement… Read More »
