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 »
OPC VS LLP OPC VS LLP: One Person Company and LLP (Limited Liability Partnership) are two different types of business entities. Here’s a comparison between OPC and LLP: 1.Ownership: In an OPC, there is a single owner who holds all the shares of the company. The owner has full control and ownership of the company.… Read More »
HUF Individual or Non Individual HUF (Hindu Undivided Family) and non-individual status refer to different legal entities for taxation purposes in India. Here’s a brief explanation of each: HUF (Hindu Undivided Family): HUF is a separate legal entity recognized under Hindu law in India. It consists of a family unit comprising members who… Read More »