LLP can become a member of company No, it is not possible for a Limited Liability Partnership to become a member of a company. LLPs and companies are distinct legal entities with different structures and characteristics. Let’s define how LLP can become a member of company. In a company, membership is typically held by individuals… Read More »
One Person Company One Person Company (OPC) is a type of company that can be formed with only one person as its member or shareholder. It introduce in the Companies Act, 2013 to encourage small business owners and entrepreneurs to start their own companies with limited liability protection. A OPC has a separate legal identity… Read More »
How Many People Are Required to Incorporate a Private Limited Company? Introduction Incorporating a business is a significant step toward establishing a formal legal entity. A Private Limited Company (PLC) is one of the most popular business structures due to its legal benefits, limited liability protection, and enhanced credibility. For entrepreneurs and business owners, understanding… Read More »