Can LLP be a subsidiary of a company Can LLP be a subsidiary of a company: In the majority of legal jurisdictions, it is not permissible for a Limited Liability Partnership to function as a subsidiary of a company. An LLP is typically a distinct legal entity and a separate business structure from a company.… Read More »
Business Partnership V/s Corporation A Business Partnership V/s Corporation are two different legal structures for businesses, each with its own characteristics and implications. Here are some key differences between a business partnership and a corporation: Ownership and Structure: 1. Partnership: A partnership is formed when two or more individuals or entities come together… Read More »
Can a private limited company be a proprietor of a firm No, a private limited company cannot be a proprietor of a firm. In legal terms, a proprietor refers to an individual who owns and operates a business as a sole proprietorship. A sole proprietorship is a business structure where the owner has complete control… Read More »
Private limited company formation Private limited company formation,A company becomes a private limited company upon fulfilling certain legal requirements and obtaining the necessary approvals from the regulatory authorities. The key steps for a company to become a private limited company are as follows: Incorporation: The company must go through the process of incorporation, which… Read More »
Can an OPC be a holding company No, an OPC (One Person Company) cannot be a holding company. As per the Companies Act, 2013 in India, which governs OPCs, an OPC is specifically designed for small businesses with a single owner. An OPC is not allowed to be a member of another company, which means… Read More »
Private Limited Company Be a Partnership Private limited company be a partnership: No, a Pvt Ltd company cannot be a partnership. These are two distinct forms of business entities with different legal structures and characteristics. A Pvt LTD company, also known as a limited liability company (Ltd or Pvt Ltd), is a separate legal entity… 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 »
What is company limited by shares A company limited by shares is a type of company structure in which the shareholders’ liability has limited to the amount of money they have invested in the company. This means that the shareholders are not personally liable for any debts or liabilities incurred by the company beyond their… Read More »
Difference between limited and private limited The difference between limited and private limited can be explained in so many ways. The term “limited” and “PVT limited” both refer to different types of business structures. A limited company is a type of business structure where the owners have limited liability, which means that their personal assets… Read More »